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2014 Chevrolet Corvette Stingray: 2013 Detroit Auto Show

Chevrolet has debuted the 2014 Corvette Stingray at the Detroit Motor Show, the most powerful – and fuel efficient – Corvette to date. Revealed at the Detroit Auto Show, the new Corvette – which gets the fabled ‘Stingray’ moniker – comes as standard with a 6.2 litre V8 delivering 450 horses and 450lb/ft of torque which translates in to a properly swift 0-60mph of under four seconds, and yet conspires to offer official economy of 26mpg – just not at the same time. But it looks like the new Corvette may be able to go round corners as well as it goes in a straight line, with a new seven-speed manual ‘box with rev matching driving the power to the rear wheels, and a five position Drive Mode Selector that’s said to tailor 12 vehicle attributes to suit intent and environment.

General Motors to shut down Saab

General Motors has announced that it will be closing the Saab brand after the company was unable to strike a deal with Spyker Cars. This follows from last month's withdrawal of would-be suitor Koenigsegg, leaving Spyker the sole contender in the acquisition of the ailing Swedish brand. According to Nick Reilly, GM's European president, the company has decided to cut its losses: "Despite the best efforts of all involved, it has become very clear that the due diligence required to complete this complex transaction could not be executed in a reasonable time.

2014 Chevy Spark EV priced at $27,500

The 2014 Chevrolet Spark EV will have a $27,495 price tag when it goes on sale in California and Oregon next month, making it one of the best value options among all-electric vehicles. The full $7,500 federal tax credit brings the Spark EV cost to $19,995. California Spark EV owners may also qualify for up to $2,500 in state and local tax credits, and they’re eligible for the state's carpool lane.