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Breaking: 2015 Corvette Z06 drops its top for New York auto show

This is the new 2015 Corvette Z06 convertible, the Stingray for owners who want it all, shown a little earlier than we expected. Buyers get the Z06 engine, racing suspension and brakes, and now, for the first time since 1963, they can get that package with a convertible top, as we'll see at the New York auto show. “Until recently it was not possible to create a lightweight, open-roof structure strong enough to cope with the braking, cornering and acceleration of Corvette's top performance models,” said Corvette chief engineer Tadge Juechter.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.

Fiat-Chrysler to make Jeeps, Alfas in Italy starting in 2012

Fiat S.p.A. and Chrysler Group will build Alfa Romeo and Jeep models for global distribution as part of a new joint-venture company that will take control over Fiat's Mirafiori plant in Turin, Fiat said Friday. Fiat-Chrysler will invest more than 1 billion euros (more than $1.3 billion) to retool the factory.