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GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.

'Snake & Mongoose' movie review

There's another great motorsports rivalry being celebrated cinematically this month -- while "Rush" grabs all the global headlines, the drag racing biopic "Snake & Mongoose" has all the same elements that drove Lauda and Hunt -- minus the world stage. Hard to believe, but professional drag racing wasn't always a glamorous, high-budget affair with corporate hospitality suites and top drivers flying to races in private jets. "Snake & Mongoose" takes us back to an era when drivers needed that $500 win money to buy gas to get to the next race -- and held grudges against track owners who only paid $400.

Hendrick pays $1 million for first 2014 Corvette Stingray convertible

The first 2014 Chevrolet Corvette Stingray convertible sold Friday for $1 million at the Barrett-Jackson auction in Palm Beach, Fla., to car dealer and NASCAR team owner Rick Hendrick. Hendrick now has a pair of the seventh-generation Corvette after purchasing the first coupe for $1.05 million in January. Proceeds from the sale will benefit the Barbara Ann Karmanos Cancer Institute.