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Kia, Chrysler, VW set pace as December sales advance 9 percent

Kia, Chrysler and Volkswagen posted some of the strongest sales gains for December as the industry closed out 2011 on a high note. Automotive News estimates December volume was up 9 percent to 1.24 million from a year earlier--in line with analysts' forecasts. Total industry sales were projected at 12.78 million for the year, up from 2010's total of 11.6 million and the 27-year low of 10.4 million in 2009.

BMW i8 fetching 50% premiums in UK market

The BMW i8 (pictured) is commanding a 50% premium The simple rules of a capitalist market is that supply and demand dictate price. Which is why BMW’s i8 hybrid supercar is fetching premiums of up to 50 per cent. With the entire i8 supply sold out for the next year, those with deep enough pockets – and a compelling desire for an i8 – are turning to i8 owners who have already taken delivery and making them offer they can’t refuse.

2014 European Car of the Year shortlist announced

Established in 1964, the European Car of the Year award was set up to celebrate a “single, decisive winner” each year among all new cars in Europe. So, now running into its fiftieth year, the shortlist for the landmark half-century award for the European Car of the Year 2014 has been announced. The seven runners and riders boast among them an interesting and varied mix of bodystyles, shapes, sizes and even powertrains.