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Spied: 2014 Corvette Stingray Indy pace car

UPDATE: The Stingray has indeed been named the 2013 Indy 500 pace car; check out details and photos here We've suspected that the 2014 Chevrolet Corvette Stingray would earn a place of honor as the pace car for the 2013 Indy 500. Now, spy photos of a safety-light-equipped C7 caught testing at the General Motors proving grounds in Milford, Mich. seem to confirm our hunch.

Porsche Panamera hits the heights in Shanghai

A Porsche Panamera on its way to the 94th floor of the World Financial Centre in Shanghai [ad#ad-1] The stories of car makers doing daft things with cars to garner a bit of publicity have been rarer of late. Which, considering the sombre mood of car makers and the car buying public in recent months, is no real surprise. Even Motor Shows have been relatively sombre affairs (the Detroit Motor Show was particularly muted in 2009), but China is still booming, and the Shanghai Motor Show has been pretty much an old fashioned, glitzy affair.

VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.