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Parade celebrates astronauts and Corvettes

After Alan Shepard became the first American to travel into outer space in 1961, General Motors executive Ed Cole presented the astronaut with a new 1962 Chevrolet Corvette, customized with a space-age interior. Shepard had brought along his own 1957 Corvette when he reported for the space-training program in 1959. Thanks to a special lease arrangement between the space men and a Melbourne, Fla., Chevy dealership, six of the Mercury Seven astronauts were Corvette owners.

Caterham Superlight R600 debuts for 2013 race series

Filed under: “Too cool for the United States.” Caterham launched the fastest Seven in company history for its exclusive race series, the Superlight R600 Championship. The latest Seven is powered by a supercharged 2-liter Ford Duratec engine that churns out 275 hp and 200 lb-ft of torque. That power is sent to the rear wheels via a six-speed sequential gearbox and a Titan limited-slip differential.

Ivan 'Ironman' Stewart shifts gears, sells his stuff

Ivan “Ironman” Stewart’s high-speed lifestyle of flying through the desert, leaving a rooster tail of dust, is taking a turn down a calmer, gentler road. Stewart, 64, is ready to slow things down and create more time for himself and his family. “I’m not retiring,” he insists, “just changing directions.” Last weekend he sold his off-road racing truck business and everything that goes along with it.