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Corvette 60th Anniversary to be celebrated at the Petersen

On June 30th, 1953, the first Corvette rolled off the assembly line in Flint, Michigan. Sixty years later and half a country away, the Petersen will honor America's fiberglass wonder within its halls on Wilshire Boulevard in Los Angeles, with a weekend of activities. On Friday, March 1st, Corvette fans will get to pose for photos next to Kirk Bennion, the designer of the latest C7 Corvette, as part of a gala dinner with a live auction, speakers like tuner legend Reeves Callaway, and Corvette-themed cocktails.

Alfa Romeo to launch 8 new cars in next 4 years – Alfa MiTo to be dropped

The Alfa Romeo Gloria (pictured) could point to a new Giulia Alfa Romeo has been stuck in the doldrums for quite a while, and is now in the sorry state of having just two cars on sale – the Alfa MiTo and Alfa Giulietta – both compact cars and both with front wheel drive. Not really Alfas, although they’re better than you might expect. But in a brave plan to turn Alfa Romeo in to a proper force again – a plan we reported was on the cards a year ago – Sergio Marchionne has revealed that Alfa is planning to launch eight new cars in the next four years and concentrate on proper RWD cars with proper driver appeal.

Ford agrees to sell Aston Martin

Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.