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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.

New MINI 5-door Hatch starts rolling off the production line in Oxford

New MINI 5-door Hatch starts rolling off the production line in Oxford MINi are wasting no time in getting the new 5-door MINI Hatch in to production following its reveal at the start of June, with the firs 5-door MINIs already rolling off the production line at MINI’s Oxford Plant. The five-door MINI is the second MINI model to be built off BMW’s new UKL 1 platform – the new MIN I being the first – with the platform stretched to give the five-door an extra 72mm in it wheelbase, 15mm extra headroom and enough length to add a pair of (small) back doors). And unlike the three-door Hatch, the new five-door Hatch will be available with a full suite of models from the off, with the SD Cooper included in the range from launch as well as the  Cooper, Cooper D and Cooper S.

UK electric car sales hit record high

While electric cars may not have taken off as quickly as the likes of Renault and Nissan had hoped, the latest figures from the government’s £5,000 electric car grant scheme show that sales have leapt 25% in the last quarter. A total of 1,149 electric cars were registered in Q3, not only a 25% improvement over Q2, but the most successful quarter since the government scheme began back in January 2011, indicating that consumers are starting to understand the technology and its limitations rather better. On Bing: see pictures of electric cars in the UK Find out how much an electric car costs on Auto Trader This news comes as the Renault-Nissan alliance has been forced to admit it is not going to reach its self-imposed target of 1.5 million electric car sales by 2016.