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P1 reborn: the return of the P1 supercar club
Fri, 23 Oct 2009There's been a whopping great global recession, in case you hadn't noticed. P1, which was Britain's original supercar club, was struggling to repay asset finance repayments of £100,000 a month to fund its fleet of droolworthy cars – and nobody would buy supercars when P1 tried to sell. The market for top-end cars had frozen at the exact time that P1 most desperately needed the dosh.Eventually the banks called the loans in, as they had identified the supercar market as wobbly business they didn't want during a banking crisis.
Mazda reportedly to pull out of Michigan joint venture with Ford
Fri, 03 Jun 2011Mazda is reportedly pulling out of a joint manufacturing venture with Ford Motor Co. that was thought to be unprofitable for the Japanese carmaker. The site, AutoAlliance International, is about 25 miles south of Detroit and makes the Mazda 6 and the Ford Mustang.
Alpina D3 Bi-Turbo sedan and wagon debut at Frankfurt motor show
Thu, 12 Sep 2013Leave it to BMW's most pinstripe-stickered tuner to come up with a car just for automotive journalists. That's right: Alpina has built a diesel BMW 3-series sedan and wagon duo and has taken them to the Frankfurt motor show to taunt scribes whose countries will probably not be getting them, and that likely includes the U.S. Even though the D3 Bi-Turbo is diesel powered, fuel economy was not the first thing on Alpina's mind.