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Corvette Central: Revamped C7, radical mid-engined C8 in GM's plans

General Motors is mulling a radical re-engineering for the Chevrolet Corvette, centered on a more fuel-efficient, mid-engined V6 powertrain, a lightweight alloy body and a more compact footprint. The idea is to re-energize GM's ambition for the Corvette, with fundamental changes that will make it into a contemporary global supercar. The changes are penciled into GM's product plan for the next major model change, the C8, with an on-sale date around 2016.

IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Toyota and Tesla strike $50m electric car deal

Toyota has bought a $50m chunk of Tesla By Tim Pollard Motor Industry 21 May 2010 09:15 Toyota today agreed to buy a $50 million stake in Tesla Motors, the Californian electric car start-up. The two companies plan to cooperate on electric vehicles, batteries and other EV technology. But Tesla's tiny!