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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.

Porsche Panamera Hybrid: Geneva Reveal

The Porsche Panamera Hybrid (click for bigger image) We’ve got to say, the news that the Porsche Panamera Hybrid (strictly speaking, the Porsche Panamera S Hybrid) is going to debut at the Geneva Motor Show in a couple of weeks time isn’t exactly a shock. After all, Porsche has made no secret of its plans to stick Hybrid gubbins in the Panamera; CO2 targets, and all that guff. But Porsche seems to think it is a surprise (unless they really have a surprise and are planning on revealing another Porsche hybrid altogether much sooner than we expected) as the press release we got in from Porsche has the enigmatic little tease of a headline – ‘Porsche: Hybrid world premiere’.

SEASONAL PRESSURES SEE MARKET SLOW IN JULY

AUCTION house BCA’s latest Pulse report shows that demand for older, lower value dealer part-exchange cars improved in July, but the fleet and lease sector has experienced more price pressure. The headline average used car value declined in July, as would typically be expected at the onset of the summer holiday months. Values across the board fell to £5,633 down from the £5,662 recorded in June – a £29 decrease that was equivalent to 0.5% fall.