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Audi A3 is the 2014 World Car of the Year

The Audi A3 (pictured) is the 2014 World Car of the Year The New York Auto Show is the place where the World Car of the Year winner is announced, so with the show now underway comes the news that it’s the Audi A3 that’s grabbed the gong for the best car in the world in 2014. It’s the second time Audi has won the award – the Audi A6 won in 2005 – and probably holds up a mirror to the changing face of the world’s car landscape; more compact, ‘Premium’ cars are now the most favoured buy. But really, the Audi A3 isn’t just a single car.

Clunkers records $2.88 billion in rebates

Dealers submitted a total of 690,114 cash-for-clunkers deals for $2.88 billion in rebates by last night's 8 p.m. deadline, coming in under the $3 billion budget for the popular program, the U.S. Transportation Department said today.

Report: Chevrolet Cruze, Toyota Corolla lowest lease payments in May

The Chevrolet Cruze and Toyota Corolla sedans offered the lowest average monthly lease payments in May, according to records by Swapalease.com. On average, Chevy Cruze lessees paid just $214 per month, while average Toyota Corolla lessees paid $234. Records show the cheapest alternative fuel vehicle's lease is the Chevrolet Volt at $315.