2014 Chevrolet Corvette to debut at Detroit Auto Show, start production in Q3 2013

The next-generation Chevrolet C7 Corvette is indeed one of the most highly anticipated debuts of the upcoming auto show season, and we’ve now learned that General Motors’ famed sports car will officially bow on Sunday, January 13 during a preview event for the Detroit Auto Show press days. (We can already picture the mob scene.) To get buzz going on the new car, GM has released this image of the redesigned crossed flags emblem – the iconic symbol that Corvettes have worn since the model’s introduction in 1953. “The flags are much more modern, more technical, and more detailed than before – underscoring the comprehensive redesign of the entire car,” Ed Welburn, GM’s vice president of Global Design, said in a statement today. If you’re still hot on plunking down cash for one of the C6 Corvette models, you don’t have much time left.Automotive News reports that dealers still have until December to submit orders for the current Corvette, and that buyers with very specific orders should get them in by the end of October in order to have their exact specifications guaranteed. The 2013 C6 Corvette will officially go out of production in February. Following that, GM’s Bowling Green, Kentucky facility will shut down for six months in order to retool and prepare for production of the 2014 C7 model. GM has already cancelled tours at the plant in preparation for the shutdown. We’ve seen plenty of spy shots of the C7 Corvette running around, but details are still slim on what exactly lies under all that camouflage. GM will show its new small-block V8 to the world on Wednesday, October 24, and we’ll be at the live unveiling to pass along all the details. In addition to the C7, this new small-block will power the next generation of GM pickups, which will also debut at the Detroit show. Scroll down for GM’s official release regarding the Corvette’s new emblem, as well as a video showing the history of the crossed flags. Source: Autoblog Read more
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Chevrolet Volt battery maker A123 goes bankrupt

A123 Systems, the Bay State battery maker that received millions in government grants, has filed for bankruptcy. The Waltham-based company sought Chapter 11 bankruptcy protection today after failing to make a debt payment that was due yesterday. A123 Systems listed about $460 million in assets and $376 million in debt in the filing in U.S. Bankruptcy Court in Delaware. “The company may not have sufficient cash to fund operations,” the company warned in a filing with the U.S. Securities and Exchange Commission. A123 Systems — which makes high-tech batteries for electric cars with technology developed at MIT — received nearly $250 million in federal grants to build a factory in Livonia, Mich., with the promise to create some 38,000 U.S. jobs. The company also received a $5 million loan from the Patrick administration to expand in Massachusetts. Read more
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First ZL1 Camaro Ever Built Sells For $400,000

By 1969 NHRA Super Stock drag racing was as big as it had ever been, with the factories battling every weekend across the country to win new fans, and buyers, to their respective brands. So it was only natural that Chevrolet’s determined Product Promotions Manager Vince Piggins and two of his drag racing stalwarts should pool their talents and imaginations to come up with one of the wildest and most famous Super Stockers of all time, the Fred Gibb-Dick Harrell 1969 ZL1 Camaro. Read more
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