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News watch Sept 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 24 September 2012• Volkswagen has dropped its appeal in the brand infrigement case against former partner Suzuki. The spat dates back to 2004, when VW contested an approval allowing Suzuki to brand a variant of its Swift supermini as 'Swift GTi'.

Kia Car Design Award winners announced in Beijing

The first Kia Car Design Award was successfully concluded on 20 May in Beijing, with Chinese student Li Bai being presented the prize for first place by Seon-Ho Youn, Vice President of Kia Design Center. Bai, from Tsinghua Academy of Fine Arts, became the first ever winner of the award for his Kia Rhyme Concept, described by Seon-Ho Youn as "a perfect combination of design and Chinese culture." Bai's luxury sports car concept was inspired by Chinese philosophy, which can be seen in the headlamp design that reflects the traditional Chinese Ba gua, or ‘Eight Diagrams'. These are eight diagrams used in Taoist cosmology that represent the fundamental principles of reality through three lines, each line either 'broken' or 'unbroken', representing either yin or yang.

Jaguar XK leaves the lineup

Production of the Jaguar XK stretched from 1996 with the XK8 and will wrap up as the final 50 limited edition XK models roll off the assembly line this summer. The farewell XKs will be branded as "Final Fifty Limited Edition" cars, and will carry the same specification as the current XKR model, along with some added features that celebrate the history of Jaguar and the evolution of the brand's grand touring coupes and convertibles. Under the hood, a supercharged 510-hp 5.0-liter V8 is capable of bringing the XK to 60 mph in 4.6 seconds according to Jag, and an active exhaust system helps ensure the engine note remains prominent.