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Alfa Romeo plans 'affordable' halo car

Alfa Romeo plans to build a rear-engine, rear-wheel-drive coupe that would become the brand's halo car. Fiat's struggling sporty brand aims to complete a concept car for the innovative lightweight coupe for a planned Geneva auto show debut next month. The concept is set to be built as the 4C GTA and go on sale for about $55,000 (40,000 euros).

Vauxhall Mokka revealed

Vauxhall Mokka With the arrival of the Buick Encore, the Vauxhall Mokka (and Opel Mokka) have also been revealed ahead of their Geneva debut. We must confess, we’d expected the Vauxhall Mokka to be the Vauxhall Mocha. But it looks like GM in Europe have decided to go with the German spelling, so the Corsa SUV will arrive in the UK as the Vauxhall Mokka.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.