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Volvo drops plans to compete in the luxury F-Segment car market

In fact, at the Shanghai Motor Show in 2011, Volvo delivered the Concept Universe car which we all though was pointing the way to what could be a Volvo S90; Volvo’s luxury car for Chinese plutocrats. It sported a rather strange ‘East meets West’ design language with a very odd nose and lots of curves, and it wasn’t exactly showered in plaudits. But that didn’t stop Volvo coming back at Frankfurt in 2011 with an altogether more convincing concept – the Volvo Concept You – that sported a much clearer vision for a future luxury Volvo.

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.

Barrett-Jackson's Las Vegas auction draws drivers

Though you'll see the usual assortment of restored muscle cars and one-of-a-kind automotive delights at the Barrett-Jackson Las Vegas auction, it's the buyers who make this event a little different, organizers say. "Most of the vehicles we sell in Vegas go to first-time buyers--and they want drivers," said Craig Jackson, CEO of the auction company. "They're end users and drivers, rather than speculators." Those buyers will have a wide variety to choose from at the fourth-annual Barrett-Jackson Las Vegas auction, which kicks off on Sept.