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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.

Hyundai HCD-14 concept revealed

Hyundai has given us a sneak preview of its HCD-14 concept vehicle ahead of its debut next week in Detroit. The teaser shot shows a prominent feature line extending from the headlamps to the tail lamps and highlights plenty of curves. It's likely to preview the next-generation of the popular Hyundai Genesis, slated for 2014.

London underpass to hold flood water

A PEDESTRIAN UNDERPASS is to be turned into an emergency pond to hold hundreds of thousands of litres of floodwater threatening homes and businesses in south London. The Purley Cross underpass will be used to hold water pumped from around 400 under-threat buildings in parts of Kenley and Purley and to stop a water treatment works which supplies tens of thousands of homes from flooding, Croydon Council said. The authority said the plan to use the underground footway to hold around 600,000 litres of water from tonight was approved after its "primary" pond at Purley Depot overflowed last night.