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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.

2013 Porsche 911 GT3 (991) arrives UPDATED & OFFICIAL

We have the first photos of the 2013 Porsche 911 GT (991) ahead of its reveal this week at the 2013 Geneva Motor Show. Update: Porsche has now caught up with the first photos arriving and we have official details of what the new 911 GT3 has to offer. A rise in weight from the last GT3 sees the new GT3 weighing in at 1430kg, but power is up to 468bhp and 324lb/ft of torque from a tweaked version of the 3.8 litre flat 6 which now revs to 9000rpm with power going to the back wheels through the auto ‘box.

Chrysler ‘Thomas Special' steals the show at RM Meadow Brook auction

Posting more than $10 million in total sales, RM Auctions' Vintage Motor Cars of Meadow Brook event had an unexpected top seller on July 24. After crossing the auction block at $858,000, a 1953 Chrysler coupe known as the “Thomas Special” became the event's headliner. It was estimated to sell for $350,000 to $500,000.