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Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.

2015 Subaru WRX debuts at Los Angeles Auto Show

If you loved the rakish WRX concept that bowed in New York earlier this year, the production 2015 WRX, which debuted today at the Los Angeles Auto Show, may be a slight downer: decidedly less boy-racer than its predecessors, its sculpted fender flares and unique sheetmetal only slightly disguise its Impreza rootstock. But the WRX has always been more about performance than style, anyway, and Subaru says the new car will top its predecessor on that front. The '14 WRX's 2.0-liter turbocharged boxer-four squeezes out 268 hp and 258 lb-ft -- just a little bit more than the outgoing 2.5-liter turbo-equipped car.

Kia recalls 7,000 cars

KIA IS recalling more than 7,000 of its UK models due to a possible seatbelt problem. The recall affects 5,787 Sportage models and 1,432 Soul vehicles and concerns a possible fault with the vehicle's seatbelt pre-tensioner. Kia said that although it was not aware of any injuries resulting from this possible fault, discovered as a result of monitoring of customer vehicles, it was concerned that some pre-tensioners might not work properly due to a faulty piston within the mechanism.