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Chevrolet sets base price for the 2011 Camaro convertible at $30,000

The price of the 2011 Chevrolet Camaro convertible when it hits showroom floors in February will be $30,000, including an $850 destination charge, General Motors said on Thursday. The price is about $2,000 more than a similarly equipped Ford Mustang convertible. The Camaro convertible will be available in the same trim levels as the coupe version.

Honda CR-Z, Fit joining hybrid lineup next year

Honda is growing its hybrid lineup with the addition of the CR-Z coupe and a hybrid version of the Fit. The Japanese automaker on Monday said that the sporty CR-Z, which has been shown as a concept, will go on sale in Japan next February. The hybrid Fit is to hit the Japan market before the end of next year.

New Smart ForTwo and ForFour set for 2014 unveil

Mercedes-Benz's struggling Smart city car division is seeking to add a new dimension to the urban driving experience with its third-generation ForTwo, currently undergoing the final phase of a three-year test and development program ahead of a planned unveiling mid next year. Set for North American launch in 2015, the ultra-compact two-seat hatchback represents a fresh chapter in operations for Smart, which has recently gained greater independence from parent company Mercedes-Benz as its boss, Annette Winkler, attempts to stem years of financial losses after almost a decade of rebuilding following its short-lived joint venture with Mitsubishi. The new ForTwo, known internally as project C453, has been developed in a joint engineering program with the upcoming second-generation ForFour and its sister car, the third-generation Renault Twingo.