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Official: Aston Martin Cygnet axed – fewer than 150 sold

Sir Stirling Moss was one of fewer than 150 Aston Martin Cygnet buyers Last month we reported that Aston Martin appeared to have axed their take on a supermini – the Aston Martin Cygnet – after just a couple of years. Now that news seems to be official after Reuters spoke to an Aston Martin source who also said the Cygnet sold so poorly that fewer than 150 were sold. That must make the Cygnet one of the poorest performing cars in any company’s sales history, especially as that fewer than 150 total was supposed to be 4,000 a year.

Chrysler and U.S. market expected to play key roles in Alfa's relaunch

The Chrysler Group will play a key role in plans to revive Fiat S.p.A.'s ailing Alfa brand. The U.S. automaker will build two new Alfa crossover models for sale in North America and Europe.

Volvo You concept is the shape of things to come

The sleek Volvo concept unveiled at the Frankfurt auto show is headed to production, said Volvo Chairman Li Shufu. "The board has approved production of the concept, known as You, but the timetable has to be finalized,'' Li said during an interview at the Frankfurt auto show. He said it will be "somewhere around 2015." It's part of the plan by Chinese owner Zhejiang Geely to move the Volvo brand upscale.