Chrysler will stop production of the Dodge Viper in 2010 and replace it with its successor in 2012.

The announcement came on a day of extensive announcements about Chrysler’s plans for the next five years. The new Viper will be one of 11 all-new or redesigned Dodge vehicles that will debut by 2014.

Production on the Dodge Viper will halt in mid-2010,  and its replacement will utilize engineering from the Fiat Group which includes Ferrari and Maserati.

The question remains however whether the new car will even be called “Viper”. Also unclear is what this will mean for the approximately 100 employees at Chrysler’s Conner Avenue Assembly Pant in Detroit which produces the Dodge Viper.

[Source: CNN, Motortrend]

Toyota will bring its iQ city car to North America by 2012, badged as a Scion model. Scion debuted a concept of the iQ (shown above) at the New York Auto Show this year. When it does launch, however, expect it to look significantly more tame.

Currently the  mini car (about the size of a SMART fortwo) is sold in Europe and Asia and three engines are offered. Once it makes its way to North America we are likely to get the 1.33-liter four-cylinder with 99hp. Although according to Toyota a 1.6-liter engine will fit.

The iQ is technically a 3+1, meaning that it can seat three adults and one child. This is possible by locating the passenger seat ahead of the driver’s seat so that there is actual leg room for a rear passenger on the passenger’s side.

The iQ is also slated to be the base of an electric vehicle due out in 2012, and recently Aston Martin announced it was working on a concept, the Cygnet, that is based on the iQ.

The Scion iQ is expected in either 2010 or 2011 as a 2011 or 2012 model.

GALLERY: Scion iQ

[Source: Motor Trend]