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Jaguar XFR debuts at the Detroit Auto Show boasting 500hp

Until today, Jaguar’s elegant XF didn’t have an R-badged derivative at the top of its range. That all changed at the Detroit Auto Show when the British marque took the wraps off a new 503-hp supercharged version of Jag’s comeback-kid four-door sedan. The same engine is also offered in the new XKR coupe, which also debuted at Detroit.

Mustang cocreator Donald Frey dies

Donald Frey, a senior product planning manager at Ford Motor Co. in the 1960s who along with Hal Sperlich and Lee Iacocca developed the iconic Ford Mustang, died on March 5 in Evanston, Ill., from a stroke. He was 87 years old.

General Motors and Ford load up on small cars for bigger profits

Ford has no qualms about charging nearly $23,000 for a fully loaded 2011 Fiesta, which is smaller than the Focus. The Fiesta sedan, which goes on sale this summer, starts at $13,995, including shipping. The Fiesta, with a 1.6-liter four-cylinder engine and a six-speed transmission, gets 40 mpg on the highway.