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Jaguar/Land Rover sell-off latest (2007)

By Tim Pollard Motor Industry 12 June 2007 07:36 Ford has appointed Goldman Sachs, Morgan Stanley and HSBC to investigate selling its British premium brands Jaguar and Land Rover. The move effectively signals the end of the Blue Oval's PAG division. Officials have refused to confirm or deny the sale, but have outlined to MPs the deal which will spin off Jaguar and Land Rover, but retain Volvo in the Ford family.

GM opens Advanced Design Studio in Seoul

General Motors has opened a new Advanced Design Studio in Seoul, Korea, the American automaker announced today (April 20). GM is set to leverage its position in the trendy Gangnam area of the Korean city, recently coined the 2010 World Design Capital. The Gangnam location puts the Seoul Advanced Design Studio in the heart of the nation's center of culture, the arts, fashion and industry.

Barrett-Jackson to auction commemorative Z06 Corvette for museum fundraiser

In honor of the Chevrolet Corvette's inaugural appearance and victory at the 24 Hours of Le Mans some 50 years ago, Chevrolet built a special 2011 Corvette Z06 wearing the same paint scheme--Arctic White paint, blue stripes and the number "3"--to pay tribute to the class-winning 1960 Cunningham Corvette. Chevrolet and the General Motors Design Center built and added several special one-off features for this car, which has vehicle identification number 001: -- Competition Gray headlamps, mirrors and wheels -- Special 50th-anniversary of Le Mans racing logos -- Blue brake calipers -- Z07 performance package with Brembo carbon-ceramic brakes -- 19-inch front/20-inch rear 20-spoke Competition Gray wheels with Michelin PS2 tires -- Magnetic Selective Ride Control -- Black carbon-fiber front splitter and rockers -- ZR1-style rear spoiler -- Ebony leather-wrapped interior with Competition Gray trim -- Carbon-fiber fenders and floor panels Corvette Racing fans will recognize the special-edition Z06 as a participant in the Legends of Le Mans event at Laguna Seca in 2010. Driven by Corvette Racing legend Ron Fellows, the Z06 was accompanied by the 1960 Cunningham, the 1967 Bondurant/Guldstrand, the 1973 BF Goodrich and the C6.R GT2 Corvettes for a parade lap on the track.