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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.

Aston Martin AM 310 Vanquish

Aston Martin has released details of its 2013 AM 310 Vanquish, the modern interpretation of its classic luxury sports car which is set to replace the DBS. One-77 design cues such as the flowing waistline and LED light blade rear clusters and new design elements such as the lift-reducing rear Aero Duct, bonnet vents, sculpted roof and side strakes feature. A splitter, light-catching side skirts and a rear diffuser form a near-continuous ring of exposed carbon fiber at the base of the car.

Range Rover unveils new SUV on Thursday

Range Rover turns 40 on Thursday. And to celebrate, it plans to unveil a new compact SUV during an event in London. You can watch it here, beginning at 3:30 p.m.