Month: January 2022

Bidding hit $3.6M for first edition 2023 Corvette Z06 at Barrett-Jackson auction Saturday. See other top sellers, too

The first 2023 Corvette Z06 70th anniversary edition to roll off the retail production line went for $3.6 million on Saturday at Barrett-Jackson.

The weekends are always big for the annual auction in Scottsdale, but the chance to own the first 70th-anniversary edition of America’s sports car was sure to draw crowds. And have bidders reaching deep into their pockets for VIN 001.

The corvette was auctioned for charity, with all the proceeds benefitting Operation Homefront. Another $100,000 was donated to the cause, taking the total raised to $3.7 million for the charity that supports military families.

Rapper and singer Pitbull auctioned a car for charity. His 2022 Karma GS-6 went for $500,000 to benefit the SLAM Foundation and Selfless Love Foundation, two charities that help underserved youth. Plus, another $200,000 was donated to the charities.

Saturday’s top non-charity sale was a 2004 Porsche Carrera GT that went for $1.98

Read More

What the automotive sector needs



a car is lined up in a parking lot: Budget 2022: What the automotive sector needs


© Nitin Agrawal
Budget 2022: What the automotive sector needs

The Indian automotive industry awaits some much-needed respite from the 2022 Union Budget, hoping for some crucial policy introductions that can pave the road to its recovery.

After coping with the after-effects of BS-VI regulations, followed by COVID’s relentless two-year-long assault, the need for support from the government remains at an all-time high, with the semiconductor shortage and existing commodity and fuel price hike having slowed down demand. Stable, consistent and long-term policies appear to be the buzzwords collectively emanating from the grapevine. Here are some of the need-of-the-hour exemptions and incentives that could turn things around for the Indian automotive industry.

The EV Sector

If there’s one sector that’s shown considerable promise over the last year, it’s the EV sector. However, EV infrastructure along with PLI scheme incentives for the 250 plus EV start-ups remain areas that need working

Read More

Coolest Cars For Sale To Wrap Up January

⚡️ Read the full article on Motorious

These are some of the most interesting cars that have made it onto Motorious this week.

What a diverse market the collector car industry represents. Every week, the Motorious editorial staff does a dive into the classified section of the site to find the cars for sale that we would want to buy for ourselves. These cars are more than worthy of a new garage, and we’re thrilled to be able to share our picks with the readers each week. Here is a list of cars to check out as we exit January.

Cam-Am is one of those automotive companies whose reputation for speed and competition has greatly surpassed that of the original manufacturers of the cars they modify. Founded upon the idea of converting Lola Racing vehicles into street-legal vehicles, these vehicles quickly became iconic in the vast world of automotive racing

Read More