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Lexus launches 'Design Matters' campaign

Lexus has hosted an event called ‘Design Matters' in New York City, as part of a new strategy to showcase the brand's commitment to design. Toyota's global president Akio Toyoda attended the event along with Mark Templin, executive vice president of Lexus International, who said, "Lexus is expanding as a global company and we need to speak to a broad global audience. There's no better way to do that than through design." Templin used the event to announce its other design-related campaigns.

Gar Wood's Miss America VIII race boat to be auctioned in Florida

Famed boat racer Gar Wood's two-time Harmsworth Trophy-winning race boat, Miss America VIII, will be offered at Mecum's Kissimmee Auction on Jan. 28 in Kissimmee, Fla. Wood piloted the boat to the Harmsworth Trophy in 1929 and 1931, the latter event witnessed by more than 600,000 people gathered on the shores of the Detroit River to watch.

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.