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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.
UK car production jumps as Europeans buy British
Thu, 24 Apr 2014The UK’s car production jumped by 12% last month as demand from Europe for British-built cars increases. Nearly 80% of cars made in the UK are exported worldwide, and 142,158 were produced in March 2014 – compared to 126,909 in March 2013. Official: UK car production is booming UK car production hits six-year high That means so far this year the UK has built 404,803 cars, a rise of 2.9% compared to this time last year.
Most drivers say no to toll roads
Thu, 31 Jul 2014RADICAL Government proposals to privatise some roads in the UK and for companies to charge a toll have been rejected by drivers. Seventy-seven per cent of drivers say they would avoid toll roads and use another route to avoid paying to drive on a road. The government is considering handing over the running of some roads to private companies as part of the Infrastructure Bill as recommended in the Cook Report.