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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.

Bob Lutz reportedly to stay on at General Motors

Bob Lutz, General Motors vice chairman and internationally renowned product guru, has reversed his retirement plans and is expected to stay with the remade car company as it charts a new path out of bankruptcy. Multiple media outlets are reporting Lutz, 77, has changed course and will not retire from GM at the end of the year as he had planned. Automotive News, citing anonymous sources, says the veteran industry leader will stay on at the company, possibly in a marketing or communications role--and could have product input.

2014 Kia Cadenza priced at $35,900

The 2014 Kia Cadenza sedan will cost $35,900, including shipping charges, when it goes on sale later this month. Kia's new flagship sedan is offered in one trim level, though it’s also available with luxury and technology packages. Standard Cadenza features include an updated navigation system with the brand's in-house UVO eServices telematics system, an 8-inch touchscreen, with a standard back-up camera and back-up warning system, an Infinity 12-speaker audio system, leather seat trim with heated front seats, dual-zone automatic climate control, keyless entry with push-button start, a 10-way power adjustable driver's seat and Bluetooth wireless technology.