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Shelby American celebrates the GT350's anniversary with a modern Mustang

Shelby American is marking the 45th anniversary of the legendary Shelby GT350 Mustang with a new version, designed for Ford's new 5.0-liter V8 in the 2011 Mustang. For those willing to plunk down $33,995--plus the cost of a new Mustang--the team at Shelby American in Las Vegas will crank out a modernized GT350. On the outside, that calls for white paint with the blue racing stripes down the center of the hood, roof and deck.

Porsche is developing a new four-cylinder engine set to power entry-level model

High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.

Jeep Grand Cherokee to spawn Maserati SUV – confirmed

The 2003 Maserati Kubang SUV Concept The idea of an SUV from every luxury maker seemed a dead cert a few years ago. And then the world went in to financial meltdown and the eco-mentalists convinced a chunk of the car buying public that SUVs were the spawn of the devil, which put the kybosh on the nascent plans of many a car maker. But the recession hasn’t quite turned in to a depression (unless you’re one of the poor countries sucked in to the German Euro Zone), and many are now waking up to the fact that SUVs aren’t killing the planet and that CO2 is actually beneficial to planet earth, not harmful.