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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.

New Saab 9-3 Concept at Geneva

Saab Concept Tease Geneva 2011 It’s been a tumultuous time for Saab, attempting to rise from the ashes of GM’s departure. And, despite initial promise when Victor Muller rode in on his white Spyker, things have not really progressed as Saab would have liked. Sales through 2010 were below expectation and there were some teething problems with the new 9-5.

Subaru launches production of BRZ, Scion FR-S coupes in Japan

Subaru on Friday officially launched production of the rear-drive BRZ sports coupe in its Gunma Main Plant factory in Japan. The plant also builds the Toyota version--which will be sold as the Scion FR-S in the United States--as the Toyota 86 in Japan and as the Toyota GT-86 in Europe. We expect the Subaru BRZ and the Scion FR-S to be in U.S.