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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.
London Taxi maker Manganese Bronze bought by China’s Geely
Sat, 02 Feb 2013China automotive giant Geely has bought Manganese Bronze – makers of the iconic London Black Cab – in an £11.04 million deal. The iconic London Black Cab has been an accident waiting to happen for years, as under investment in making the Black Cab fit for the 21st century saw competition – like the Mercedes Vito Taxi and the Nissan NV200 Cab – start to offer serious competition to the taxi that identifies London. Despite an investment by China’s Geely – when Geely bought 20 per cent of Manganese Bronze, makers of the Black Cab – and the bulk of the Black Cab being produced in China and bolted together in the Midlands, the final nail in the coffin for Manganese Bronze was the recall of 400 TX4 cabs over a steering fault.
Volkswagen Golf GTI W12 concept (2007): first official pictures
Thu, 17 May 2007By Tim Pollard First Official Pictures 17 May 2007 04:44 VW Golf GTI W12: the lowdown We loved the Clio V6, despite its dynamic shortcomings, and some CAR staffers still go weak at the knees at the mention of a Peugeot 205 Turbo 16 rally car. But now Volkswagen is muscling in on the mad-hatch genre by showing this one-off Golf GTI W12. You read that right.
