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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.

GM exec sees room for Subaru BRZ/Scion FR-S fighter

Chevrolet unveiled two stylish concepts at the 2012 Detroit auto show. One, the Tru 140S, was a bit of a poser -- its exotic looks belied its hypothetical low price point and its front-wheel-drive underpinnings. The boxy red Code 130R, on the other hand, had the potential to be dynamite.

Muscle-car icons immortalized in new postal-stamp set

Perhaps sensing that it's at risk of going the way of the carbureted big-block and leaded gasoline, the United States Postal Service is apparently willing to try anything to boost its bottom line. Though we're sure its recently announced line of postal worker-inspired apparel will be a runaway (and runway) success, we're glad to see the USPS reaching out to the automotive-enthusiast community with a new set of limited-edition stamps that commemorate the American muscle car. We told you about the stamps earlier this year, but we can now confirm the lineup.