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Is this supercharged V8 destined for the Corvette ZR1?

This is a big week for spy shots, and apparently a friend of a friend of a “friend” snapped this little ditty of what could be the motor of the next Z06, or ZR1. Corvette Online nabbed the shot of a supercharged LT1-looking V8 mill; they cite the injector cover shape and the throttle body. The site also noted the twin-rotor supercharger with an LSA/LS9-style pulley on the front.

Detroit Electric reboots for Shanghai auto show

The Detroit Electric name is being revived in the Motor City. The company says it will reveal its first electric sports car -- based on the Lotus Elise -- at the Shanghai Motor Show in April, and begin selling in limited markets by August. That's a lofty goal for a company that just hit our radar on Tuesday morning.

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.