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Breaking: 2015 Corvette Z06 drops its top for New York auto show

This is the new 2015 Corvette Z06 convertible, the Stingray for owners who want it all, shown a little earlier than we expected. Buyers get the Z06 engine, racing suspension and brakes, and now, for the first time since 1963, they can get that package with a convertible top, as we'll see at the New York auto show. “Until recently it was not possible to create a lightweight, open-roof structure strong enough to cope with the braking, cornering and acceleration of Corvette's top performance models,” said Corvette chief engineer Tadge Juechter.

Lamborghini Aventador Roadster sold out for the next year

It seems that the newly launched Lamborghini Aventador LP700-4 Roadster is already sold out until the middle of 2014. That North American East Coast outing comes just a few months after Lamborghini revealed its open-topped Aventador at the Los Angeles Auto Show in November with the same 6.5 litre V12 engine as its tin-topped sibling and a 0-62mph of a scant 3.0 seconds. At a UK price expected to be just the right side of £300k you might think, especially in these financially constrained times, Lamborghini might struggle to find buyers for its ultimate toupee wrecker.

Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.