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Award Puts Kia In Seventh Heaven

KIA has received yet another award for its industry-leading, seven-year warranty. First introduced on the European designed and built Cee’d in 2007, the manufacturer-backed warranty is marking its seventh anniversary and has been lauded with the CarBuyer ‘Buyer’s Award’ in its 2014 honours. Since the seven-year warranty was first applied to the Cee’d, 82,884 vehicles have found homes with UK consumers.

Cadillac to auction first '14 CTS V-Sport to charity

General Motors said Wednesday that it will be donating the first production model of the 2014 Cadillac CTS V-Sport to the SAE Foundation. The car will then be auctioned at Barrett-Jackson later this year with the proceeds going to the foundation's science, technology, engineering and mathematics student programs. The CTS V-Sport, or as Cadillac officially spells it, Vsport, was revealed earlier this year at the New York Auto Show.

Ferrari looks at layoffs, cuts back production

We guess it's not all GTOs and 458 Italias. The word out of Italy is that Ferrari is looking at cutting production and eliminating 9 percent of its workers after sister company Maserati cut engine orders. Ferrari made only about 4,500 engines for Maserati last year, compared with nearly 9,000 in 2008.