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Alfa Romeo plans 'affordable' halo car

Alfa Romeo plans to build a rear-engine, rear-wheel-drive coupe that would become the brand's halo car. Fiat's struggling sporty brand aims to complete a concept car for the innovative lightweight coupe for a planned Geneva auto show debut next month. The concept is set to be built as the 4C GTA and go on sale for about $55,000 (40,000 euros).

Toyota ends powertrain deal with Tesla

To the surprise of no one, Toyota has announced the end of a partnership with Tesla that gave rise to the slow-selling RAV4 EV, which will be replaced by a fuel cell car next year. Toyota has said that it can't meet California's zero-emission vehicle (ZEV) mandate profitably with electric cars, but it thinks it can make money, or at least not lose so much of it, with fuel cells. Toyota signed a $100 million joint development deal in 2011 with Tesla, to build powertrains for its RAV4 EV.

Auction of Jay Leno tractor to benefit veterans

Bidders at the Barrett-Jackson auction in Scottsdale, Ariz., this week have a chance to buy a vehicle being retired from entertainer Jay Leno's garage and support a charity that serves military families. The vehicle is a New Holland Boomer tractor. For the past five years, the staff at Leno's garage has used the "Lil Tug" to move the TV host's large collection of classic and unique cars around the facility.