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Interior Motives Awards 2012 judges decide shortlist

The Interior Motives Awards 2012 judging panel has whittled down a huge amount of entries into this year's competition to a shortlist of potential winners. The list can be viewed here. Over 160 aspiring young designers from 47 schools in 17 countries entered the competition, reflecting the growing recognition of the importance of the Interior Motives Student Design Awards among would-be vehicle designers.

Kia releases images of No 3 concept ahead of the Geneva motor show

Small multipurpose vehicles are big business in Europe. With a hoard of MPV options available on the market, Kia is injecting some style into its latest MPV creation to stand out from the crowd. Set to be fully revealed at the Geneva motor show, the No 3 concept car has a windshield that extends up over the driver.

Daimler agrees to unload remaining Chrysler stake

Daimler AG announced today that it has reached an agreement to unload its remaining 19.9 percent stake in Chrysler LLC. "Daimler's remaining 19.9 percent shareholding in Chrysler will be redeemed, and Daimler will forgive repayment of the loans extended to Chrysler, which were already written off in the 2008 financial statement," Daimler said in a prepared statement. All told, Daimler will write off $700 million as a result of the deal, according to the statement.