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Ford Mustang Shelby GT500 certified at 662 hp!

You might recall that a few scant minutes ago, Ford had declined to confirm that the 2013 Mustang Shelby GT500 was certified by the SAE to crank out no less than 662 hp and 630 lb-ft of torque. In light of the leak, Ford has reversed its decision and decided to officially confirm the number. The rumors, apparently, were off by one foot-pound of torque.

Hennessey-tuned Ford GT does a 235.1-mph Texas two-step

A few times a year, some of the fastest and most powerful cars meet in Texas for an adrenaline-filled weekend of top-speed runs called the Texas Mile. The high-performance machines have one mile of arrow-straight runway to get the highest top speed at the one-mile marker. It was the right mix of conditions for Mark Heidaker and Sean Kennedy, who drove their twin-turbocharged Ford GT to a top speed of 235.1 mph down the runway into a decent headwind of 20 mph.

Hyundai to guarantee trade-in values

Starting May 1, Hyundai Motor Co. will guarantee the future trade-in value of its new vehicles. When a consumer buys a new vehicle from a Hyundai dealership, the company will guarantee what the trade-in value of that vehicle will be after the second full year of ownership through the fourth year.