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Aston Martin drops Cygnet city car
Mon, 30 Sep 2013Autocar 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.
Alfa MiTo Sportiva & Giulietta Sportiva added to range
Thu, 23 Aug 2012Alfa Romeo has added a new trim level in the UK – Sportiva – for both the Alfa MiTo and the Alfa Giulietta. Two cars we like very much – depending on trim and engine – are the Alfa Romeo MiTo and Giulietta. Both offer style and fun at decent prices and make a nice change from Teutonic sameness.
Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.