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Aston Martin drops Cygnet city car

Autocar is reporting that the diminutive Aston Martin Cygnet has been dropped from the company’s portfolio. The automaker, now owned by Prodrive and private equity firm Invenstindustrial, will focus on its “core product range,” also known as “good cars.” Autocar posits that the justification for the Cygnet was to continue producing V8 and V12 cars, while keeping its average CO2 emissions down. The Cygnet shared bones with the Toyota iQ city car and used a 97-hp, 1.3-liter engine and got 58.9 mpg using the U.S.

F1 racer marks countdown to Race Week London

FORMULA 1 racer Charles Pic has made an appearance in London with a Lotus Formula 1 car, ahead of London’s first ever ‘Race Week’ festival. The Frenchman posed for photos close to Tower Bridge, where he was joined by a ‘London Royal Guard’ and a small boy, who was only too happy to stand in the Lotus for his own picture. On July 3 motorsport fans will be able to enjoy a huge slice of F1 action in central London, as Race Week arrives just a day before the start of the practice sessions at Silverstone’s British Grand Prix.

Honda shift cut threat to 340 jobs

JAPANESE car giant Honda is to cut production at its UK factory from three shifts to two, threatening 340 jobs. Most cars built at the plant in Swindon, Wiltshire, are exported and sales in other countries have not been as strong as in the UK. "Over the last 12 months, we haven't seen the growth we'd anticipated.