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General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

New Porsche 911 Speedster reportedly in the works

When European-car importer Max Hoffman suggested to Porsche that the American audience might like a cheaper, open-top version of the company's 356, Stuttgart responded with the Speedster. And while every Porsche partisan is a special snowflake -- some love road-going racers like the 904, others can't imagine life without a roof-rack-equipped 912, others go gaga for anything with a legit, lift-off Targa top, and some folks just really, really, really love 924s -- the Speedster's the light, lovable kid brother for which any fan of the marque has a measure of affection. Porsche knows it, and as such, they've introduced limited Speedster models of every 911 series since the 3.2 Carrera -- except for the oft-maligned 996 (which is still loved by its proponents, IMS-bearing issues aside).

Italy’s Supercar sales down 80% as Italy heads for 50 year car sales low

Sales of Supercars in Italy have dropped 80% in the last 5 years and car sales look set to drop to the lowest point since 1966. We all know the Eurozone is finally paying the price for stitching together powerhouse economies and basket case ones with the same blunt fiscal tools to control their economies. And even Italy – once a major Southern European economy – seems to be as big a basket case as Greece and Cyprus if you start to dig a bit.