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VW Beetle to get bigger seat

TThe successor to the New Beetle will arrive in 2012 with more space in the back seat and better packaging, said Stefan Jacoby, president and CEO of Volkswagen Group of America. Speaking at a press event in Germany, he also said the next generation of the Beetle will be "more of a halo car" for the Volkswagen brand. And Jacoby said he expects the next Beetle to achieve higher sales.

Lamborghini could launch an SUV in 2017, Winkelmann says

Lamborghini could launch an SUV in 2017, CEO Stephan Winkelmann told a German newspaper. The Italian supercar brand will unveil a concept for the vehicle at the Beijing motor show on April 23 to test public reaction, according to a report in the German business daily Handelsblatt on Thursday. Winkelmann wants the SUV as a third model line along with the Gallardo and Aventador super cars to help make the brand profitable.

First Corvette Stingray Convertible sells for $1 million

The first Chevrolet Corvette Stingray to be built has been auctioned for charity by Barrett Jackson  and bought by Rick Hendrick for $1 million. The new Corvette Stingray Convertible was offered for sale this weekend at Barratt Jackson’s auction in Palm Beach, Florida, with GM donating the healthy proceeds of $1 million to the Barbara Ann Karmanos Cancer Institute. The Stingray Convertible was bought by wealthy NASCAR team owner Rick Hendrick, who can now add the Stingray Convertible to his collection of cars, which also includes the first of the new Stingrays for which he paid $1.1 million.