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P1 reborn: the return of the P1 supercar club

There'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.

RIP Imre Molnar

Imre Molnar, provost of the College of Creative Studies (CCS), passed away during the holiday season. Molnar was riding his bicycle in California when he suffered a fatal heart attack on the afternoon of 28 December. CCS's President, Rick Rogers, said: "It is shocking to have Imre taken from us so suddenly.

AC Mk VI: AC Cars return to the UK

Here's a blast from the past. AC has announced it's returning to the UK market and will exhibit the Mk VI version of its venerable roadster at the 2011 Geneva motor show. AC, a UK manufacturer that's 110-years-young in 2011 but with more regenerations than a Doctor Who convention, is establishing a new base at Brooklands.