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Lewis Hamilton to Mercedes, Sergio Perez to McLaren

Lewis Hamilton is leaving McLaren to drive for Mercedes – ousting Michael Schumacher – and Sergio Perez joins McLaren. It’s seemed likely for some time that Lewis Hamilton would leave McLaren for Mercedes, and this morning McLaren has confirmed that’s exactly what’s happening. The move to Mercedes for Hamilton takes him away from the team that has nurtured his talent from childhood and given him a life he could never have dreamed of.

UK 2012 car sales analysis: winners and losers

New UK car registrations in 2012 rose to a four-year high, figures released today confirm. Sales jumped 5.3% in the Olympic year compared with 2011 – to 2,044,609 new cars, the largest percentage increase since 2001. Retail sales drove the demand in 2012, growing 12.9% on the previous year.

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.