A 1958 Chevrolet Corvette owned by General Motors CEO Dan Akerson sold at auction late on Friday for $270,000. All proceeds from the sale will now go to the Habitat for Humanity charitable organization, which aims to revitalize the Morningside Commons neighborhood on Detroit’s lower east side. The final bidder at the Barrett-Jackson auction, which took place in Scottsdale, Arizona, was Hendrick Motorsports owner and Corvette collector Rick Hendrick. Akerson couldn’t make it over to Arizona because of his duties at this past week’s 2013 Detroit Auto Show, but he was able to...
GM Cancels Plans For Cadillac SRX Plug-In Hybrid: Report
As recently as late January GM CEO Dan Akerson hinted that a plug-in hybrid version of the Cadillac SRX was “likely”, with most reports suggesting the eco-friendly luxury crossover would be available for sale sometime in late 2012 or ’13. This past weekend, however, Reuters...Viknesh Vijayenthiran