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Porsche 911 Targa 4 (2014) first official pictures

By Ollie Kew First Official Pictures 13 January 2014 18:00 Upping the repertoire of current 991-generation 911 models to 16 (so far) this is the new Porsche 911 Targa. The new Targa is inspired by the ’60s classic, as you’ll spot by its all-new roof arrangement (no glorified sunroof Targas any more). The contrast-coloured roof-hoop returns, as does the dome-shaped wraparound rear window.

First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.

Ferrari ramps up engine-making -- for Maserati

Ferrari is adding 250 workers and expanding its engine-building capacity, even as it says it will cut car production this year at its landmark factory in Maranello, Italy. Why the cause for growth? Ferrari is ramping up its in-house engine operation and will produce more V6 engines, which sister company Maserati will use in the redesigned Quattroporte sedan and the smaller E-segment entry, the Ghibli.