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Study finds teen drivers need more time in adverse conditions

Practice might make perfect, but not if the drills never change. In a study organized by the AAA Foundation for Traffic Study and the University of North Carolina Highway Safety Research Center, participating teen drivers averaged about an hour and a half of supervised driving each week--mostly on routine trips along the same roads. At the end of the year-long study, 47 percent of parents said there was at least one driving condition they felt their student wasn't prepared to handle.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Hendrick pays $1 million for first 2014 Corvette Stingray convertible

The first 2014 Chevrolet Corvette Stingray convertible sold Friday for $1 million at the Barrett-Jackson auction in Palm Beach, Fla., to car dealer and NASCAR team owner Rick Hendrick. Hendrick now has a pair of the seventh-generation Corvette after purchasing the first coupe for $1.05 million in January. Proceeds from the sale will benefit the Barbara Ann Karmanos Cancer Institute.