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Kia KH: First image of a new RWD Kia Flagship

Kia takes aim at Lexus and Infiniti with the KH Concept Kia releases the first image of the Kia KH,  a luxury RWD flagship saloon destined to be the Flagship for Kia and launching soon in Korea. It would have been unthinkable just a few years ago that Kia would reveal a new, luxury flagship saloon car and be taken seriously. But cars from South Korea have come a very long way, and plans for a range-topping luxury saloon from Kia are proof that they aim to take on the world’s premium car makers.

Aston Martin LOST £24.6 million in 2012

The Aston Martin Vanquish (pictured) launch in 2012 contributed to AML’s losses We reported just the other day that Aston Martin had axed the Cygnet after woeful sales, and it’s not just the Cygnet that hasn’t been selling well. In fact, Aston Martin sales in 2012 – 67,500 units – was still 42,500 down on its pre-recession sales levels of 110,000 cars in 2007 and that lead to yet another loss. Aston Martin has posted pre-tax losses for 2012 of £24,6 million on sales of £461.2 million for 2012, a worsening position over 2011 which saw losses of £21.2 million.

Fisker to buy former GM Solstice/Sky plant in Delaware for $18 million

The old General Motors plant in Delaware that until July cranked out sports cars for Pontiac, Saturn and Opel will be sold and retooled to build plug-in hybrids with UAW workers. Fisker Automotive said Tuesday that it will buy the plant, located in Wilmington, Del., from Motors Liquidation Co.--the old General Motors Corp.--for $18 million. If Fisker's plans come to fruition, production at the plant could start in late 2012.