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First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.

Range Rover LRX announced

The Range Rover LRX will debut in 2010 and go on sale in 2011 We last reported on the Land Rover LRX last month, when it became pretty clear that Land Rover are pushing ahead with the project after receiving some Government funding for the LRX Concept in March. And it seemed that they were planning to show the RR LRX in June next year – 40 years on from the first showing of the original luxury off-roader – the Range Rover – in 1970. That now seems to be confirmed, with Land Rover stating the LRX will debut next year and go on sale in 2011.

Hyundai offers gas incentive plan

Last summer, when gas prices were pushing above $4 a gallon, Chrysler tried to cash in and move some metal by offering a guaranteed gas price of $2.99 for three years. But that plan crashed when the price of gas plummeted. Now, Hyundai is ready to give that marketing spiff another spin.