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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.

New car sales in Cuba soured by 400-percent markups

While most analysts expected Cuba's lift of a decades-long ban on the sale of new cars to come with an asterisk or five, few could have predicted that the internationally hailed move would immediately turn out to be a mirage. Private car sales in Cuba have been heavily regulated by the government since 1959, and imports had been banned almost entirely. On Jan.

Chrysler, VW lead February sales gains

U.S. auto sales led by Chrysler Group surged 16 percent in February, giving the industry its strongest showing in four years in a fresh sign that the recovery is gaining more traction. Total light vehicle sales rose to 1.15 million units as the seasonally adjusted sales annual rate hit 15.1 million.