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Chrysler repays $7.6 billion in outstanding U.S., Canadian loans

Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.

Corvette and Silverado win North American Car and Truck/Utility of the Year

Chevrolet kicked off the first press day of the 2014 Detroit Auto Show by taking home awards for the North American Car and Truck/Utility of the Year. The Bowtie brand swept both awards with the new 2014 Corvette Stingray and the Chevrolet Silverado. If the news sounds familiar, it's because the same two vehicles won our Best of the Best/Car and /Truck award just last month.

Porsche says 1952 356 Cabriolet is oldest one sold in the U.S.

A 1952 Porsche 356 cabriolet owned by Robert Wilson of Oklahoma City, Okla., has been named the winner of a contest to find the oldest Porsche sold in America. Porsche Cars North America ran the contest, which asked owners to submit documentation showing when their cars were first sold, as part of its celebration of 60 years of selling cars in the United States. Wilson's car, which he found in a salvage yard, was imported in November 1952 by Max Hoffman, who started bringing Porsches to the United States in 1950.