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Yearly driving costs rise 3.4 percent

This won't be a surprise to anyone--it's costing more to own and drive a car. Higher prices for fuel and tires, and a larger drop in the resale value of cars, pushed the average cost of owning a sedan to $8,776 a year, according to AAA of Heathrow, Fla. That's up 3.4 percent from a year ago.

Alfa Romeo has no plans to export the Giulietta to North America

Alfisti, control yourselves: There are no plans right now to bring the sultry Alfa Romeo Giulietta to North America. In the wake of numerous sometimes conflicting reports circulating about the hot hat hatch's future, we wanted a straight answer from Torino. This is what we got: “There are no plans at present to export the Alfa Romeo Giulietta to the North American market,” Richard Gadeselli, vice president of communications for Fiat Group Automobiles SpA, wrote in an e-mail to AutoWeek.

McLaren MP4-12C gets the axe

Production of the McLaren 12C is dead. That's according to a letter sent by CEO Mike Flewitt to owners that read in part, “The final piece of news I wanted to share with you is regarding 12C production, which we have decided to cease in light of the success of 650S. The new car has been so well received since its unveiling at the Geneva motor show (we already have a six-month order bank), we will focus all our capacity at the McLaren Production Centre on 650S.” This represents a turnaround for the company that just a few days ago said the 650S would slot between the 12C and P1 in the lineup, and that both would continue.