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David Brown Automotive Speedback sports classic looks, modern performance

A new 510-hp, V8-powered British sports car has broken cover in London, boasting classically inspired styling, a hand-built aluminum body, crafted interior trim and a $400,000 price tag, Created by a new company, David Brown Automotive, the Speedback is a prototype built on a Jaguar XKR platform with the aim of delivering a “vision of a classic-looking sports car without compromising modern convenience and features.” Drive comes from the XKR's supercharged 5.0-liter V8, unmodified and boasting 510 hp and 461 lb-ft, mated to a six-speed ZF automatic transmission. The 3,968 lb. curb weight is very similar to that of the donor car, so performance and economy figures are also similar: 0-60 mph in 4.6 seconds and a top speed limited to 155 mph.

Ford halts plans for rwd cars

With demand uncertain for big cars in the years ahead, Ford Motor Co. has dropped plans for new rear-wheel-drive sedans. Ford design chief J Mays told Automotive News on Sunday that plans for rwd Ford and Lincoln sedans have been shelved.

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.