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Audi Urban Concept preview

Following this past weekend's spy shots of the new urban concept caught on a film set in Berlin, Audi has released a set of sketches of the all-new 1+1-seat vehicle set for its global unveiling in Frankfurt. Claimed to combine the ‘elements of a racing car, a fun car and an urban car' the concept exploits new lightweight manufacturing processes. Its cockpit is made from carbonfiber-reinforced polymer (CFRP) and it features free-standing, low-rolling resistance 21-inch wheels with protective plates.

No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

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.