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Octavia Greenline hits new fuel economy high

BUSINESS users on a budget have been given some good news with the announcement of a fuel-sipping new Skoda Octavia Greenline. Thanks to its inherently lighter third-generation chassis, the spacious Octavia is now capable of 88.3mpg in EU standard tests, which corresponds to just 85g/km of CO2. The amazing figures put the car on an emissions par with the likes of the Volkswagen Golf BlueMotion and even the supermini Kia Rio 1.1 diesel.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Rumormill: Aston Martin Cygnet could get V12

A few years ago, if you would have asked us about 500-hp city cars, we would have said, “Awesome, but never going to happen.” We were proven wrong with last year's Nissan Juke-R and we may be proven wrong again with a V12-powered Aston Martin Cygnet. That's right, Autocar reports that Aston is studying the feasibility of taking the Toyota iQ-based Cygnet and shoehorning the V12 from its Vantage and DB9 models. Aston says it could fit the V12 in the tiny car's engine bay without major modifications.