1951 Ford Clock on 2040-parts.com

Shelby raffles off last 50th-anniversary Cobra

Shelby is celebrating its 50th anniversary in style, first at the Detroit auto show with a few black-and-gold Shelby Mustangs, and now at the Barrett-Jackson auction in Arizona with the last example of the 50th-anniversary Shelby Cobra. The car won't be sold to the highest bidder though; it will be raffled. Tickets cost $25 apiece or five for $100.

Lexus LS

Lexus has revealed its new LS model range, consisting of the LS 460, LS 600h and, for the first time ever, an F Sport version of its flagship model. The new LS is the latest development of Lexus' model range, seeing more than 3,000 changes made to the current LS, responding to customer feedback throughout its development. The inverted trapezoidal upper grille and slanted lower grille - first seen on the GS sedan - are integrated into one element.

Who's Where: Taewan Kim appointed Vice President of Design at GM Daewoo

Taewan Kim has been promoted to Vice President of Design at GM Daewoo. Having started his career in International Automotive Design in the United Kingdom in 1991, Kim was involved in designing various Japanese and European automobiles, including British Airway's First Class seat design. From 1995, he served as Chief Exterior Designer at the former Daewoo Motor Company, leading the exterior design of the Magnus, Lacetti, Kalos and Matiz.