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Kia and BMW claim 2012 Red Dot Design Awards

Kia and BMW have been recognized by the 2012 Red Dot Design Awards judging panel, picking up the ‘best-of-best' awards in the transportation product design category. The awards, handed out March 15, single out the best-designed products from over 4,000 entries across a variety of categories. Kia's A-segment Picanto and B-segment Rio were both winners in Red Dot's ‘Product Design' category, fighting off competition from over 4,500 products entered by 1,800 manufacturers from 58 countries.

Enthusiast demand forces Aston’s hand: V12 Vantage coming America

Thanks to enthusiasts, the most powerful road-going Aston Martin ever is coming to the United States. The British sports-car maker confirmed on Friday that the V12 Vantage--packing 510 hp and 420 lb-ft of torque--will be sold in North and South America. This is a reversal from a year ago, when Aston tantalizingly showed off the car and promptly said it wasn’t coming here.

General Motors CEO Rick Wagoner to quit, reports say

General Motors CEO Rick Wagoner is about to resign after eight years as the Obama administration prepares to decide on the automaker's request for additional government rescue loans, two people familiar with the matter said. A senior Obama administration official told NBC's John Yang that Wagoner, 56, was asked to step down by the White House. The automaker, which has lost about $82 billion since 2004, awaits word Monday from President Obama on a request for as much as $16.6 billion in additional U.S.