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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Milk float sets new speed record

A SUPERCHARGED milk float has picked up a new world record after reaching a speed of 84mph on a racing circuit. The specially-adapted vehicle, sponsored by Weetabix On The Go Breakfast Drinks, beat the existing top speed for a milk float of 77mph on the tarmac at Bruntingthopre in Leicestershire. Complete with bull-bars, and boasting a V8 engine, the float was crafted from a traditional 4mph electric float.

Bristol Cars put into bankruptcy protection

U.K. carmaker Bristol Cars was placed into administration on Thursday, the British equivalent of bankruptcy. Officials now running the company said several people were laid off but that it was keeping the sales and service operations open.