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Official: Aston Martin Cygnet axed – fewer than 150 sold

Sir Stirling Moss was one of fewer than 150 Aston Martin Cygnet buyers Last month we reported that Aston Martin appeared to have axed their take on a supermini – the Aston Martin Cygnet – after just a couple of years. Now that news seems to be official after Reuters spoke to an Aston Martin source who also said the Cygnet sold so poorly that fewer than 150 were sold. That must make the Cygnet one of the poorest performing cars in any company’s sales history, especially as that fewer than 150 total was supposed to be 4,000 a year.

Audi RS Q3 set for Beijing motor show reveal

Audi has lifted the veil on a production-based concept from its quattro performance division that previews a range-topping variant of the Q3 for European markets. Called the Audi RS Q3, the go-fast version of the company's compact SUV is planned to make its public debut at next week's Beijing motor show, packing a 355-hp version of the same turbocharged, direct-injection 2.5-liter five-cylinder gasoline engine found in the TT RS, set in a stylized bay featuring carbon-fiber trim panels. With its drive channeled to all four wheels through a seven-speed S-tronic dual-clutch gearbox, the RS Q3 is claimed to hit 62 mph in 5.2 seconds and to reach a top speed of 165 mph.

Saab parent company to sell Spyker luxury brand to U.S. firm

Saab parent company Swedish Automobile plans to sell its Spyker luxury-sports-car brand to U.S. private-equity firm North Street Capital for about $44 million. Spyker has been careful to point out to European news sources that the agreement has not been made final.