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Aston Martin reveals the Cygnet city-car concept

Today we're getting a first peek at the curious pairing of Aston Martin and Toyota with the release of official pictures of the Aston Martin Cygnet concept. The car is being billed as a luxury commuter ride for urban areas. It's a Toyota iQ with a restyled front end with Aston Martin's styling cues.

Peugeot 508 (2011): first official pictures of France's Mondeo

This is the new Peugeot 508, said to be the first Peugeot to introduce the new design look spun from the SR1 concept first seen back in January 2010. The 508 replaces two cars – the 407 and 607 – and will be available in both saloon and estate bodystyles when it goes on sale at the start of 2011. It's very similar to the 5 concept car shown earlier in 2010, but somehow lacks the stylistic class of recent Peugeots such as the RCZ.

GM posts $6 billion loss, burns $10.2 billion in cash as sales fall

General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted a $6 billion net loss in the first quarter and burned through $10.2 billion in cash as global auto sales plunged. GM had $11.6 in cash reserves on March 31, down from $14.2 billion at the end of the fourth quarter.