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Ford caps orders on '11 Shelby Mustang GT500

Time is running out to get a 2011 Ford Shelby Mustang GT500. More than 3,300 orders have been placed for the instant icon--arguably the best ‘Stang ever--and Ford is capping orders for this model year at 5,500. Do the math: That means 2,200 or fewer remain.

Jay Leno tests the Venom GT

Five years ago, Hennessey Performance was locked in a high-horsepower battle with supercars from Germany, Italy and the United States. The car Hennessey brought was the Venom 1000 Twin Turbo Viper. After decimating the competition in 0-to-200-mph runs, John Hennessey thought if his company could just stuff the engine into a smaller car, it could go even faster.

Chrysler bankruptcy filing said to be part of plan to seal Fiat deal

Chrysler LLC and Fiat S.p.A. are prepared to complete an alliance by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the situation said.