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BMW i3 grabs new award

THE REVOLUTIONARY BMW i3 electric car has been awarded the top prize in the first UK Car of the Year Awards. After grabbing the prize for Best Supermini the i3 won the overall title in the new awards, as voted for by a group of 27 respected UK-based motoring journalists. In the overall vote, which featured the likes of the Porsche Cayman, Range Rover Sport, BMW 5 Series, Citroen C4 Grand Picasso and Audi A3, almost half of the 27-strong judging panel chose the i3.

Ferrari ups profits while cutting production (2013) CAR report

Eyebrows were raised in May 2013 when Ferrari chairman Luca di Montezemolo confirmed to a group of journalists, including CAR’s own Ben Barry, that the illustrious supercar maker wanted to slow its production rate and sell fewer cars in 2013. The strange-sounding order was decreed to help the brand retain its exclusivity, yet despite the gastric band on output, the Ferrari boss insisted profits could be upped. Impossible?

Hyundai & Kia to spend up to $395 million on lump sum fuel settlements

Hyundai & Kia to spend up to $395 on lump sum fuel settlements Back in 2012, Hyundai and Kia had to stand up and accept that they’d overstated the official economy of a number of their models and attempt to put things right. They did that by offering all buyers of affected cars a compensation plan which repaid owners for their losses over expectation, added 15 per cent for good measure and made that ongoing for the lifetime of the ownership. But this is the USA, so it wasn’t all as straightforward as that.