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James Bond Aston Martin DB5 sells for £2.9m

The famous James Bond Aston Martin DB5 sold last night at a London auction for nearly £3 million. American businessman Harry Yeaggy paid £2,912,000 ($4,608,500) for the 1964 DB5 driven by Sean Connery in Goldfinger and Thunderball. The 007 DB5 is best known for Q's gadgets, including revolving number plates, rocket launchers and an ejector seat.

Fourth Chinese Auto Design Competition launched

The fourth Chinese Auto Design Contest officially launched in Beijing last week. Sponsored by China's Society of Automotive Engineers, the China Industrial Design Association, the Beijing Municipal Science and Technology Commission and the Beijing Fengtai District People's Government, the competition is the largest and most authoritative state-level professional event. Held biennially, this year's Chinese Auto Design competition is divided into two categories: Design Innovation (which judges current vehicles created by automakers) and Creative Design.

Watch the Corvette Z06 live reveal here

Chevrolet announced it will be video streaming the reveal of its much-anticipated 2015 Corvette Z06 from the Detroit auto show floor, and you can catch the whole event below. The preview starts at 9:30 am on Monday, January 13 and will also include the first official look at the upcoming C7.R Corvette race car. You may recall the spy photos of the Z06 we captured testing earlier this year, and the single teaser image Chevy released of the upcoming hi-po Corvette indicates some of the cosmetic changes.