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Ford debuts another Australian hot rod

Ford's Australian-based Performance Vehicles operation has unveiled its fastest car to date—the Falcon-based FPV GT R-spec. To be assembled at Ford Performance Vehicle's headquarters on the outskirts of Melbourne, the rear-wheel drive GT R-spec packs the same engine as the earlier GT335, a supercharged 5.0-liter V8 producing 449 hp and 420 lb-ft of torque. But, a range of chassis modifications, including a retuned suspension, wider 19-inch rear wheels and tires and new launch control system are claimed to provide the greater off-the-line speed than any previous model from Ford's Australian outpost.

LA Motor Show: Jaguar F-Type coupe to cost £7,000 less than convertible

JAGUAR’S stunning new F-Type coupe will cost from £51,235 when it goes on sale in the UK in the spring. The hard-top version of a car that has already taken the motoring world by storm will add a second model variant to the line-up, aimed not just at owners of the Porsche Cayman and even the 911, but also at previous owners of Jaguar’s own XK. Jaguar has used its media event at the Tokyo motor show to announce full pricing structures, with the entry-level F-Type coupe costing more than £7,000 less than the equivalent convertible.

Banksy 'Car Plant' work for sale

AN ART GALLERY wants to sell a work created at an abandoned Detroit car plant by the elusive British graffiti artist Banksy. 555 Nonprofit Gallery and Studios co-founder Carl Goines said proceeds from the sale would go to expand the gallery's programming. Mr Goines said he's hoping the Banksy work will bring in between 200,000 to 1.2 million dollars (£120,000 to £720,000), which he says is the range of recent sales.