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Aston Martin drops Cygnet city car

Autocar is reporting that the diminutive Aston Martin Cygnet has been dropped from the company’s portfolio. The automaker, now owned by Prodrive and private equity firm Invenstindustrial, will focus on its “core product range,” also known as “good cars.” Autocar posits that the justification for the Cygnet was to continue producing V8 and V12 cars, while keeping its average CO2 emissions down. The Cygnet shared bones with the Toyota iQ city car and used a 97-hp, 1.3-liter engine and got 58.9 mpg using the U.S.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.

Brits talk up new Bentley racer's chances

BENTLEY’S first mainstream racing team since 2003 has been talking tough about their all-new car’s chances as it runs through its race preparation. Guy Smith, who was part of the team that won the overall Le Mans 24-hour crown in a Bentley Speed 8 10 years ago, is leading another team of three as the Continental GT3 racer hits the track at next month’s Gulf 12-hour endurance race in Dubai. “After four months of hard work and development testing, we definitely feel ready to start focusing on our race performance,” Guy said.