Last Saturday the first retail production 2025 Chevrolet Corvette ZR1, VIN 001, sold at the Barrett-Jackson Scottsdale Auction for $3.7 million. All of the hammer price – 100% – of this Barrett-Jackson charity auction on 25 January, goes to the American Red Cross. Chevrolet said today that selected the Red Cross to benefit disaster relief efforts in areas impacted by hurricanes Helene and Milton, as well as general relief to help people affected by disasters big and small, including wildfires, storms and countless other crises. (Read AutoInformed on Chevrolet 2025 Corvette ZR1 Starts at $185,995)
Corvette Chief Engineer Josh Holder introduced the quickest, fastest and most powerful Corvette ever before an audience of bidders in the room and around the world, alongside representatives from the Red Cross. The winning bid was placed by Rick Hendrick, founder and CEO of Hendrick Companies. Continue reading







GM Posts Record 2024 EBIT, EPS and Cash Flow
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General Motors (NYSE: GM) today posted full-year 2024 net income attributable to shareholders of $6.0 billion at an EBIT-adjusted $14.9 billion. Full-year revenue increased ~9% to $187.4 billion. Investors in GM earned a 50% total return as GM ended the year with an outstanding share count of 995 million ahead of its announced buyback plan. Fourth quarter net income was reduced by more than $5 billion in special charges, primarily by $4 billion of non-cash restructuring charges and impairment of GM interests in certain China Joint Ventures, and $0.5 billion in charges related to the decision to stop funding the Cruise robotaxi business.
“A year ago, I said that we were optimistic about 2024 given the choice we would offer customers, including industry-leading full-size pickups, new and redesigned SUVs and an expanding portfolio of EVs, said GM Chair and CEO Mary Barra. “I also said that we would focus on execution and profitability, and our performance has been consistently strong.” Continue reading →