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Toyota and Lexus secret hybrid cars revealed

By Georg Kacher Motor Industry 03 September 2008 11:50 CAR Online has compiled a secret dossier of all the hybrid petrol-electric cars under development at Toyota and Lexus. Today we can reveal a new wave of eco-friendly plug-in hybrids – with confidential details of the next Prius and all the new models that will build on the success of Toyota and Lexus battery cars. There will be a new family of Prius hybrid models, as previously reported in CAR, as well as a new Lexus RX hybrid, sportier batter-powered cars and a top-secret petrol-electric Lexus hatchback.

Hendrick pays $1 million for first 2014 Corvette Stingray convertible

The first 2014 Chevrolet Corvette Stingray convertible sold Friday for $1 million at the Barrett-Jackson auction in Palm Beach, Fla., to car dealer and NASCAR team owner Rick Hendrick. Hendrick now has a pair of the seventh-generation Corvette after purchasing the first coupe for $1.05 million in January. Proceeds from the sale will benefit the Barbara Ann Karmanos Cancer Institute.

GM technology chief Tom Stephens to retire

Tom Stephens, GM's vice chairman, chief technology officer and former head of global product operations, will retire on April 1 after a 43-year career with the automaker. His successor will be named later, GM said Sunday. Stephens, 63, has served as GM's chief technology officer--a new position--since Feb.