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News watch Jan 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 January 2012• Two Japanese car parts suppliers have been fined a staggering $548m for price fixing offences following an FBI investigation. Yazaki Corp.

Aston Martin ditches Cygnet city car

CITY SLICKERS will no longer be able to cut a dash in a diminutive Aston Martin, following the company's decision to axe the controversial Cygnet from its range. The tiny Cygnet, which takes its name from a young swan, was an adaptation of the Toyota iQ, refitted with the finest luxury materials and priced at over £30,000. Its low CO2 output is rumoured to have been the main reason for the model’s presence in the range, since Aston Martin could in that way lower the company’s average CO2 output across the range in line with European emissions rules.

2013 Peugeot RCZ Facelift & RCZ R Concept

Peugeot has revealed a facleift for the 2013 RCZ and a new, 260bhp concept as a new range topper – the Peugeot RCZ R. When we first reviewed the Peugeot RCZ we liked it a lot, but we thought it was a shame that the RCZ had Peugeot’s old nose and we thought it could do with a bit more get up and go. Both have been addressed with the 2013 facelift for Peugeot’s sporty RCZ.