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First 2010 Shelby GT500, two Mustang concepts to be auctioned

Three future Mustang classics will be auctioned off at the seventh annual Barrett-Jackson event April 9-11 in Palm Beach, Fla. The headliner is the first retail 2010 Ford Shelby GT500. The other two ponies are concepts that debuted during the 2003 auto show season.

Renault and Caterham to co-build Alpine sports cars

Renault and Caterham are to join forces and build a new range of sports car models together from early 2013, under the classic Alpine badge, Renault-Nissan CEO Carlos Ghosn confirmed today. At a press conference in Paris, he announced a new Anglo-French partnership which will spawn a new breed of sports cars for both brands. 'This innovative partnership with Caterham embodies a longstanding ambition: the creation of a sports car with the Alpine DNA,' said Ghosn.

Sinkhole Corvettes to be displayed before restoration

It's going to take a while to get the eight historic Chevrolet Corvettes that were consumed by a sinkhole at the National Corvette Museum two weeks ago out of that sinkhole -- just getting a specialized crane through the doors of the museum will take time. Afterward, though, the public will be able to get a look at them in their damaged state before Chevrolet has them restored. The museum has told the Detroit Free Press that the damaged cars will be on display at the National Corvette Museum from April through June of this year, once they're exhumed.