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Mini cancels the Rocketman

Mini is suspending work on the Rocketman, the United Kingdom's Car magazine reports. The company has a load of new products debuting, but the mini Mini won't be one of them. This isn't too much of a surprise.

Ford to sell Aston Martin

By Georg Kacher Motor Industry 31 August 2006 02:39 The world’s two biggest luxury goods firms – including the conglomerate behind brands like Moet and Louis Vuitton – are locked in a battle to buy Aston Martin from cash-starved Ford. Ford announced today that the British sports car manufacturer would be sold and CAR has learned that Swiss-based Richemont and the French holding company LVMH have emerged as most likely to take on Aston despite having no previous experience in the car industry. Ford desperately needs to tap into the potential $700m-$1bn the sale of Aston could generate and hopes to finalise a deal by the end of the year.

Peugeot unveils hybrid Le Mans racer

By Ben Whitworth First Official Pictures 15 September 2008 12:20 Peugeot has unveiled a new hybrid-powered 908 HDi FAP racer at the final round of this season’s Le Mans Series. Shown off at Silverstone this weekend the hybrid 908 features a similar kinetic energy recovery setup to next year’s Formula 1 system. The 908’s ‘HY’ undertook a number of demonstration laps in front of the packed grandstands and showed how Peugeot’s passenger car technology is filtering through to its motorsport activities.