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Aston Martin LOST £24.6 million in 2012

The Aston Martin Vanquish (pictured) launch in 2012 contributed to AML’s losses We reported just the other day that Aston Martin had axed the Cygnet after woeful sales, and it’s not just the Cygnet that hasn’t been selling well. In fact, Aston Martin sales in 2012 – 67,500 units – was still 42,500 down on its pre-recession sales levels of 110,000 cars in 2007 and that lead to yet another loss. Aston Martin has posted pre-tax losses for 2012 of £24,6 million on sales of £461.2 million for 2012, a worsening position over 2011 which saw losses of £21.2 million.

One Lap of the Web: The Internet celebrates the Mustang

Fifty years ago, Muhammad Ali became the heavyweight champion of the world, "Jeopardy!" debuted, Lockheed went 2,000 mph with the YF-12 and a mop-topped band went on a television show to promote what would be shameless nostalgia for the next 50 years, even while it was happening. Oh, and Ford introduced the Mustang, an event that would be Lee Iacocca's Second Greatest Shining Moment, behind introducing Chrysler's TC by Maserati as the prettiest Italian to arrive stateside since his mother. The World's Fair was 50 years ago this week, and the Internet remembers what it was like when the Mustang came out.

Chevrolet Volt fire probe is closed, NHTSA says

U.S. safety regulators said Friday that they've closed an eight-week investigation into the Chevrolet Volt, concluding that the plug-in hybrid's battery doesn't pose a significant fire risk following a crash. In a statement, the National Highway Traffic Safety Administration said it "does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles." The agency said that modifications intended to reinforce the Volt's 435-pound lithium-ion battery pack that General Motors announced on Jan.