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Infiniti hybrid carries $54,575 sticker price

Infiniti has set a base price of $54,575, including shipping charges, on the 2012 M hybrid sedan. The luxury division of Nissan said the car will go on sale on March 16. The Infiniti M hybrid's powertrain mates a 302-hp, 3.5-liter V6 with a 67-hp electric motor.

Next Ford Mustang to follow Evos concept, ditch retro styling, report says

The Ford Mustang has been rolling with a retro-heavy styling theme since the fourth generation of the pony car appeared as a 1994 model. But the Wall Street Journal reports that the sixth-generation Mustang, due out in about two years, will break that mold. The newspaper, citing sources it did not name who know of Ford's plans, says that the new Mustang will look a lot like the Evos concept from last year's Frankfurt show.

Peugeot-Citroen signs £1.3bn rescue deal

French car manufacturing giant PSA Peugeot-Citroen has signed a £1.32 billion deal with Chinese carmaker Dongfeng Motors and the French government to secure its future. The far-eastern firm and the French government will each invest €800 million (around £660 million). Both organisations will receive a 14% stake in the business.