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GM CEO Akerson auctions 1958 Chevrolet Corvette for charity

General Motors CEO Dan Akerson is auctioning off his 1958 Regal turquoise Chevrolet Corvette for Habitat for Humanity Detroit. The proceeds will go to rebuild the Morningside Commons area of the lower east side of the city. Interested buyers can get a preview of the car during the Woodward Dream Cruise.

Future products: Mitsubishi turns focus to small, global cars

Major updates to Mitsubishi's products are on the back burner as the company concentrates on developing small cars that can be sold around the world. That means the future is uncertain for the Galant, Endeavor and Eclipse and Eclipse Spyder, which Mitsubishi builds in the United States. A top priority is a global small car expected to go on sale here by the end of 2012.

Next-generation Chevy Volt to have 60-mile electric range?

On the heels of the recently announced price cut for the 2014 Volt, General Motors chief executive Dan Akerson is suggesting that we may see a Volt with 60-mile electric range in three or four years. In an interview with Bloomberg, Akerson suggests that GM is hoping for a "significant" improvement in the extended-range Chevy's ability to run solely on electric power. “For something to be significant to me, I gotta get at least 20 percent improvement in performance," the CEO asserted.