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Final 16 contestants in U.S. GT Academy to compete at Silverstone in June

The remaining 16 contestants in the U.S. GT Academy will head to England's Silverstone circuit for a weeklong boot camp in June, Sony Computer Entertainment America and Nissan North America said Wednesday. The GT Academy began with 53,000 registrants who competed for the opportunity to race for Nissan in an undisclosed event.

Barrett-Jackson to auction commemorative Z06 Corvette for museum fundraiser

In honor of the Chevrolet Corvette's inaugural appearance and victory at the 24 Hours of Le Mans some 50 years ago, Chevrolet built a special 2011 Corvette Z06 wearing the same paint scheme--Arctic White paint, blue stripes and the number "3"--to pay tribute to the class-winning 1960 Cunningham Corvette. Chevrolet and the General Motors Design Center built and added several special one-off features for this car, which has vehicle identification number 001: -- Competition Gray headlamps, mirrors and wheels -- Special 50th-anniversary of Le Mans racing logos -- Blue brake calipers -- Z07 performance package with Brembo carbon-ceramic brakes -- 19-inch front/20-inch rear 20-spoke Competition Gray wheels with Michelin PS2 tires -- Magnetic Selective Ride Control -- Black carbon-fiber front splitter and rockers -- ZR1-style rear spoiler -- Ebony leather-wrapped interior with Competition Gray trim -- Carbon-fiber fenders and floor panels Corvette Racing fans will recognize the special-edition Z06 as a participant in the Legends of Le Mans event at Laguna Seca in 2010. Driven by Corvette Racing legend Ron Fellows, the Z06 was accompanied by the 1960 Cunningham, the 1967 Bondurant/Guldstrand, the 1973 BF Goodrich and the C6.R GT2 Corvettes for a parade lap on the track.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.