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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.

Hyundai i40 – more detail +photos

A leaked picture of the new Hyundai i40 / Sonata Hyundai has released sketches of the i40 as a tease ahead of the launch at the Frankfurt Motor Show this month, but unfortunately for them we’ve received the picture you see at the top – and those in the photo gallery at the bottom – that show the real deal. Which sort of takes the edge off the ‘Stylised’ sketches Hyundai has released. Sketch of Hyundai i40 / Sonata The real deal is not quite as swoopy/futuristic as the real deal, but actually the real car is pretty impressive looking.

Chrysler 300 sneak peak: GM reveals future of car line

Late Tuesday, General Motors and Chrysler submitted their recovery plans to the government. The bottom line: GM and Chrysler say the need another $18 billion total in government loans to make it until auto sales turn around. As part of the plans, the automakers gave a preview of some future products that they hope will help drive the turnaround.