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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.

No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

New Jeep Cherokee: New York Auto Show 2013

The new Jeep Cherokee has its official public debut at the 2013 New York Auto Show today with 9-speed gearbox and based on a  Fiat platform. Now, with the New York Auto Show about to kick off (which you might reasonably have thought was yesterday after the flurry of activity from Jaguar and Land Rover) we get a full set of photos of the Cherokee and specifications. The new Cherokee sits on the Chrysler/Fiat Compact US Wide platform which gets independent front and rear suspension which, say Jeep, offers great on-road dynamics without sacrificing off-road ability and comes with a 9-speed auto box and a choice – at least in the US – of 184bhp 2.4 litre 4-cylinder or 271bhp 3.2 litre Pentastar V6.