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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Safety probe: BMW 7-series rolling away in 'park'

The National Highway Traffic Safety Administration is investigating a potential problem with BMW 7-series sedans of not properly shifting into park. The issue sparked NHTSA's concern when it received a complaint that a 2006-model-year 7-series rolled away after the owner parked and exited the vehicle. BMW also submitted similar incident reports in which other 7-series cars rolled away from their owners.

Russian tech entrepreneur buys EV maker Think

Norwegian electric-car maker Think Global AS, which filed for bankruptcy in June, has reportedly been bought out by a global technology entrepreneur. New owner Boris Zingarevich currently runs investment operations based in St. Petersburg, Russia.