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GM's Henderson: Corvette's future is secure

The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs. In an exclusive interview with AutoWeek, Henderson says that not only is the Corvette's current platform undergoing continual development, but the future seventh-generation car, dubbed the C7, also is on track. He would not specify when the C7 Vette would hit showrooms.

BMW works hard to avoid gas-guzzler tax

BMW AG hopes to get out from under the gas-guzzler taxes that are tacked on to the sticker prices of some of its high-performance models in the United States. Jim O'Donnell, president of BMW of North America, says the company is studying fuel-efficiency improvements that could eliminate the gas-guzzler taxes on its vehicles as early as the launch of their redesigns in the next few years. The 2010 550i GT incurs a $1,000 gas-guzzler fee, for example.

Peugeot to unveil two 208 concepts in Geneva

Peugeot is unveiling two show cars at next month's Geneva motor show based its new 208, alongside the reveal of the production range. The Peugeot 208 XY Concept suggests how a more premium 208 might look, while the GTi Concept needs no introduction. Both show cars suggest Peugeot is keen to continue its efforts to move upmarket.