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Abarth 695 Tributo Ferrari: the £30k Fiat 500 is here

Hot on the heels of the Aston Martin Cygnet as the most unlikely badge to find on a city car is this: the Abarth 695 Tributo Ferrari. The prancing Shetland pony was today confirmed for UK sale – and it's going to cost the thick end of £30k. That's right: 30 big ones...  Abarth 695 Tributo Ferrari: just a pumped-up Fiat 500?You got it.

American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.

2009 Michelin Challenge Design theme announced

Michelin today announced the 2009 theme for its global vehicle design competition, Michelin Challenge Design (MCD), asking entrants to explore the future of transportation and share their brave and bold vision for 'America's Next Iconic Vehicle.' Designers this year are asked to render unique vehicle concepts that demonstrate emotional appeal, design courage and technical execution. Additional consideration will be given to entries with attributes that benefit safety and the environment and include a separate rendering of the tire and wheel component assembly.   Vehicle designs that best represent "Brave + Bold, America's Next Iconic Vehicle" will be reviewed by a jury of professional designers whose names will be announced later in 2008.