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Hyundai, Kia retract mileage claims

Hyundai and Kia overstated the estimated fuel economy on more than 900,000 U.S. vehicles sold over the past two years and will compensate owners for the faulty claims, a newspaper reported. In addition, the South Korean partners will lower the fuel-economy estimates on most of their 2012 and 2013 models, the Detroit News said.

Ferrari chief Montezemolo balances growth, exclusivity

On the morning of the day he celebrated 20 years as head of Ferrari, Luca Cordero di Montezemolo says his first thought was about the future, not the past. He pondered what the world's most famous sports-car maker would look like in 2020. "I have not come up with a comprehensive idea yet," said Montezemolo in an interview at his office in Maranello, 11 miles south of Modena in central Italy.

Audi S1 & S1 Sportback revealed with 228bhp (+video)

The Audi S1 has been revealed (S1 Sportback pictured) Audi has been threatening a quattro driven A 1 as a full production model ever since the limited edition A1 Quattro arrived two years ago with 252bhp and a very big price tag. An now we get it. The new Audi S1 has been revealed ahead of a debut at the Geneva Motor Show next month, and it gets quattro 4WD just like the A1 Quattro, even if it has to make do with less power – the S1 delivers 228bhp and 237lb/ft of torque from its 2.0 litre turbo – that’s less bhp but more torque than the A1 quattro managed.