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Autonomous emergency braking mandatory in Europe by 2014

Autonomous emergency braking (AEB) is set to become mandatory as a result of new European regulations. From 2014 Euro NCAP – the organization responsible for conducting independent assessment of vehicle safety performance – will amend its reports and no car will gain a five-star rating without AEB. It's hoped an increased use of the system will cut down on front-end impacts as well as pedestrian injuries.

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.

The Caterham Seven is coming to the United States, legally

Fans of no-frills, no-nonsense motoring, rejoice: The Caterham Seven is coming to the United States, legally -- some assembly required. Caterham says Irvine, Calif.-based Superperformance is the automaker's official U.S. distributor as of Jan.