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Lamborghini reveals 2011's new V12 supercar engine

Lamborghini today announced the first details of its new V12 engine and transmission, which Lamborghini president and CEO Stephan Winkelmann promises will be 'the strong heart of the Murcielago successor next year.' It's to be the first clean-sheet Lamborghini engine since the original V12 first appeared in the 350GT, nearly 50 years ago. Lamborghini is keen to promote the low weight yet high performance of the new V12, which produces 700bhp yet tips the scales at only 235kg. Sant'Agata has also announced a new transmission for the Murcielago successor.

Chrysler, Nissan postpone plans to share two vehicles

Chrysler LLC and Nissan Motor Co. have postponed plans to share a North American-built small car and a full-sized pickup until they can reduce costs. A third vehicle-sharing project, in which Chrysler will sell a version of Nissan's compact Versa sedan, will continue on schedule, the companies said late Thursday.

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.