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Aston Martin LOST £24.6 million in 2012

The Aston Martin Vanquish (pictured) launch in 2012 contributed to AML’s losses We reported just the other day that Aston Martin had axed the Cygnet after woeful sales, and it’s not just the Cygnet that hasn’t been selling well. In fact, Aston Martin sales in 2012 – 67,500 units – was still 42,500 down on its pre-recession sales levels of 110,000 cars in 2007 and that lead to yet another loss. Aston Martin has posted pre-tax losses for 2012 of £24,6 million on sales of £461.2 million for 2012, a worsening position over 2011 which saw losses of £21.2 million.

Porsche driver Hans Herrmann, Autoweek columnist Denise McCluggage inducted into Sebring Hall of Fame

Porsche great Hans Herrmann was inducted into the Sebring Hall of Fame, two days prior to the 60th anniversary of the 12-hour race. He was joined by Geoff Brabham, Autoweek columnist Denise McCluggage, Johnny O'Connell and Jim Downing. Herrmann's racing career spanned from 1953 to 1970.

75,000 Irish drivers left uninsured after policy provider collapses

TENS OF thousands of motorists in Ireland have been warned their insurance policies may be useless after the collapse of an insurer. The Central Bank has urged policy holders with Setanta Insurance to switch their cover after the Malta-based company went into liquidation. It is believed as many as 75,000 motorists are insured by the firm in Ireland, which is popular among smaller businesses who use vans for their deliveries and trading.