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Aspid Cars teases sports car to join open-wheeler

Spanish automaker Aspid Cars informed us last Tuesday that it will be unveiling a sports car to complement its open-wheel track car. The company didn't tell us much aside from saying that the car will be bigger than its first car, that it will be extremely lightweight and that it will offer multiple powertrain options, including a V8 and a KERS-like hybrid system. The company also made sure to note that its name is no longer IFR Aspid.

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.

The scramble for scarce tires

North American automakers are struggling with a nagging shortage of tires, caused in part by tire plant closings and rising demand for low-volume specialty tires. Automakers are paying much higher prices -- double-digit percentage increases from a year ago -- as tire makers gain pricing power. "We have been bombarded from every side for additional tires, and we can't keep up," said David O'Donnell, Continental Tire's vice president of original equipment in the Americas.