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New Corvette crash photo surfaces on Internet

UPDATED WITH GM STATEMENT: A photo of a crashed 2014 Chevrolet Corvette Stingray has captured the attention of the Corvette fan universe. The photo of the Laguna Blue Stingray coupe was posted on the Facebook profile of allvette.net on Feb. 12 and is also posted at a large number of auto enthusiast sites on the Internet.

Saab seeking court protection from creditors? It adds up

Saab seeking protection from creditors Another day, another Saab story. But the reports that Saab are to seek the protection of the courts in Sweden from the actions of creditors does ring true. And it does add up.

Ferrari will launch first hybrid in 2013

Ferrari will offer its first gasoline-electric hybrid system in 2013. The technology will be featured in the as-yet-unnamed car that will replace the limited-edition Enzo. "We are entering the market with our Formula One-derived hybrid system, which will slash fuel consumption and increase performance," Ferrari CEO Amedeo Felisa told Automotive News Europe on the sidelines of the Beijing motor show.