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Ford salutes Carroll Shelby with 850-hp GT500 Cobra

The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Toyota gives paralyzed bride a mobility van

In the 14 months after bride-to-be Rachelle Friedman took a paralyzing fall at her bachelorette party, she'd become pretty dependent on her wheelchair-accessible loaner van. Little did she know that Toyota planned to hand one over as a gift for her wedding--postponed until this week in Raleigh, N.C. Toyota and Braun--a manufacturer for wheelchair-accessible van conversions--had lent Friedman and her fianc