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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.

NHTSA fielding complaints about 2009-10 Toyota Corolla steering

Toyota Motor Corp. faces yet another possible federal investigation, this time of the electric power steering in 2009 and 2010 Corollas. The National Highway Traffic Safety Administration is considering a formal investigation of alleged defects reported in the compact car, agency spokeswoman Karen Aldana said Monday.

Interior Motives China Conference Day 2

After a first day packed with fascinating discussions and opportunities for networking, delegates from around the world reconvened in anticipation of another day of presentations from some of the industry's biggest names. Session 5: Deep Dive Luxury The second day of the Interior Motives China conference began with a session on 'Deep dive luxury', chaired by Emma Booty of Conran. Shu Bei of 3M kicked off the first session by identifying the Chinese obsession with brands.