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Florida man claims ownership of long-lost Cunningham Corvette

A Florida man says the long-lost 1960 Chevrolet Corvette race car that made a brief public appearance in Carlisle, Pa., last week was owned and raced by his father in the 1970s, and claims the car belongs to him. The challenged ownership of the maroon-colored car--one of three raced in the 1960 24 Hours of Le Mans by Briggs Cunningham and valued by some collectors at more than $1 million--could be the reason organizers of the Corvettes at Carlisle show canceled a planned public display on Aug. 24 less than 30 minutes before the scheduled start time.

Jaguar Land Rover sales drive Tata Motors’ profit

JLR strong sales drive Tata Motors profits Jaguar Land Rover sales rose 41 per cent in the last quarter to £3.75 billion with profits of £440 million, propping up Tata’s domestic decline. When Tata bought Jaguar Land Rover from Ford back in 2008 for $2.3 billion it offered promise for the future, but most analysts thought Tata had made a big mistake buying JLR for so much, just as the world economy started to slip ion to the near depression we’re still fighting. But the analysts were wrong.

GM pays back government loans

General Motors Co. said it has repaid the U.S. and Canadian governments $5.8 billion for loans that helped fund the U.S.