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Peugeot 208 (2012) first official pictures

This new Peugeot 208 will replace the 207 in 2012. These first official photos of the 208, issued today, reveal a compact supermini which aims to put Peugeot back on the mini map. The 208 will be sold as a three- or five-door - for now - although we'd expect a variety of spin-offs will follow, most likely including a 208 CC folding hard-top and an SW estate.

Karmann files for insolvency

Karmann, the century-old German coachbuilder synonymous with cabrios and the famous 1950s Karmann Ghia, has filed for insolvency. The company made the move Wednesday in Germany in response to a dramatic decline in revenue, an inability to pay for its massive layoff plan and the worldwide economic crisis. The North American operations, which make convertible tops for Detroit car companies and Volkswagen, are not affected, a spokesman said.

Tesla touts top sales at Detroit auto show

Tesla credits the "exceptional cold weather performance" of its Model S for 20 percent-higher-than-expected Q4 sales of 6,900 units, bringing total Model S sales worldwide to 25,000 so far. In fact, Tesla says its sedan does so well in the snow that the rear wheels are the only ones that need any torque. "This car performs outstandingly in winter conditions," said Tesla vp of vehicle engineering Chris Porritt in a video released the day of the Detroit Auto Show.