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Magnum MK5 to debut at Boca Raton Concours

New supercar-company releases hit our email inboxes almost as much as news about natural male enhancements does. Mostly, we pay them no mind; the majority of these “upcoming” hyper-hyper cars never make it out of the computer-rendering phase. But when a company claims Formula One driver Gilles Villeneuve as one of its first customers, we take notice.

Redesigned Ford Mustang scores high mpg for V8

Completing the fuel-economy story for the redesigned 2011 Mustang, Ford said on Tuesday that the V8-powered pony car is rated at 26 mpg on the highway and 17 mpg in city driving. That compares with a 16 mpg/24 mpg city/highway rating for the 2010 Mustang. The highway rating was achieved with the six-speed manual transmission.

Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.