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L’argus Student Competition 2009

French magazine L'argus de l'automobile has announced the winners of its seventh Student Competition Awards, themed ‘Automobile Design for Social Utility'. Open to students studying design within the European Union and Switzerland, the competition culminated at a recent awards ceremony at the Eiffel Tower. The first prize of €3000 and an internship at Renault's Technocentre in Guyancourt (near Paris) went to Damien Grossemy, Thibaut Dereymacker and Maxime Dimarco from the Institut Supérieur de Design in Valenciennes, France.

Rumormill: Aston Martin Cygnet could get V12

A few years ago, if you would have asked us about 500-hp city cars, we would have said, “Awesome, but never going to happen.” We were proven wrong with last year's Nissan Juke-R and we may be proven wrong again with a V12-powered Aston Martin Cygnet. That's right, Autocar reports that Aston is studying the feasibility of taking the Toyota iQ-based Cygnet and shoehorning the V12 from its Vantage and DB9 models. Aston says it could fit the V12 in the tiny car's engine bay without major modifications.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.