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Shelby raffles off last 50th-anniversary Cobra

Shelby is celebrating its 50th anniversary in style, first at the Detroit auto show with a few black-and-gold Shelby Mustangs, and now at the Barrett-Jackson auction in Arizona with the last example of the 50th-anniversary Shelby Cobra. The car won't be sold to the highest bidder though; it will be raffled. Tickets cost $25 apiece or five for $100.

Kia recalls 7,000 cars

KIA IS recalling more than 7,000 of its UK models due to a possible seatbelt problem. The recall affects 5,787 Sportage models and 1,432 Soul vehicles and concerns a possible fault with the vehicle's seatbelt pre-tensioner. Kia said that although it was not aware of any injuries resulting from this possible fault, discovered as a result of monitoring of customer vehicles, it was concerned that some pre-tensioners might not work properly due to a faulty piston within the mechanism.

Audi A8 sedan gets light refresh for 2015

The 2015 Audi A8 will come in at $78,325 when it rolls into dealerships in June. The new model gets a gentle refresh including new LED lights and a restyled grille, bumper and splitter. The top-of-the-line A8L W12 starts at $138,825.