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Vintage-photograph auction at Lime Rock to benefit teen-driver training

Photographs of racing legends from yesteryear will help the young drivers of tomorrow through an auction over Labor Day weekend at Lime Rock. Autographed vintage photos of famous drivers will be sold to benefit a charity called Survive the Drive, which educates and trains high-school drivers in the Northeast. The program helped more than 10,000 students in the 2008-09 school year.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.

2013 Chevrolet Corvette offers 427 convertible collector's-edition model

The C6 Chevrolet Corvette is going out in style--and with plenty of performance. Chevrolet confirmed on Thursday that the 2013 Corvette will be the final year for the sixth generation of its iconic sports car, which it will send off with a 427 convertible collector's edition and a 60th-anniversary package. The cars will be shown in the flesh on Jan.