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2012 Scion iQ priced at $15,995

As journalists including AutoWeek's own Michelle Koueiter flog the new 2012 Scion iQ in California, pricing information has made its way back to the Midwest. The Scion iQ will cost $15,995, including destination, when it hits dealerships. The car will be released in four phases, starting with the West Coast in October.

Fisker Karma hybrids burn during superstorm Sandy

Fisker Automotive Inc. is looking into a report that 16 of its Karma plug-in hybrids caught fire at a New Jersey port after being submerged in seawater during Hurricane Sandy. "There were no injuries, and none of the cars were being charged at the time," the company said in a statement.

Are Peugeot Citroen set to be bought out by GM?

Could GM take control of Peugeot Citroen? Last year we reported that Peugeot Citroen (PSA) and GM were forming a joint alliance to cut costs and develop new cars. But we questioned if the small savings of €2 billion a year from jointly developing new platforms and engines would do anything to stem the losses both companies were facing in Europe, and wondered if the only solution was a merger.