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Corvette Stingray wins North American Car of the Year

The 2014 Detroit Motor Show has got off to a cracking start for General Motors, with the company winning TWO top North American awards. With the new Chevrolet Corvette Stingray scooping the North American Car of the Year award, and the Chevrolet Silverado bringing home the Truck of the Year honour, it’s the first time GM has swept the board since 2007. New 2014 Chevrolet Corvette Stingray in pictures at Detroit Motor Show The best new cars coming in 2014: Chevrolet C7 Corvette Stingray The awards – which are based on the thoughts of a panel of automotive critics – are amongst the most respected in the industry and are said to have a direct influence on a car’s fortunes.

Spyker confirms Peking to Paris will be a V8

Spyker confirms that the Peking Paris luxury 4x4 will be a V8 not a V12 [ad#ad-1] We brought you an exclusive the other day that Spyker will drop the planned V12 version of its uber-4×4 – The Spyker Peking-Paris D12 – in favour of a supercharged V8 – The Spyker Peking-Paris D8. But it’s always nice to have confirmation from the horses mouth and today, with a financial statement from Spyker, comes a tacit admission (or actual proof, as we like to think of it!) that our story was indeed correct. Spyker talk about the Peking-Paris in their statement, but only ever refer to it as the D8, dropping all references to the D12, which is probably as much as they’re willing to reveal until the car turns up at Frankfurt in September.

Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.