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SMS Supercars releases illustrations, pricing for go-fast Mustangs

SMS Supercars released illustrations this week of its new performance Mustang, which will start at $64,990 for the coupe. SMS is Steve Saleen's new venture, and it is planning two main versions based on the 2010 'Stang. A 470-hp model, the SMS 460, is the “base” car, and a convertible version is $69,990.

Mitsubishi previews three Tokyo concepts

MITSUBISHI will showcase three new concepts at the Tokyo Motor Show, all using SUV body styles. Heading the trio of experimental designs is the Concept GC-PHEV, a full-size SUV using a development of Mitsubishi’s plug-in hybrid drivetrain. It aims to offer the everyday advantages of an SUV and class-leading environmental credentials.

Fiat wants a crossover to compete against the Volkswagen Golf

Fiat has decided it won't launch a new conventional hatchback to rival the Volkswagen Golf, Europe's best-selling car. Instead, Fiat CEO Sergio Marchionne wants the Italian automaker to replace its slow-selling Bravo compact hatchback with an all-new high-roof crossover inspired by the hot-selling Nissan Qashqai. Marchionne first hinted at Fiat's plan to make the bold product move at the Detroit auto show in January.