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Iacocca shows off his custom 45th-anniversary Mustang

The man behind the original Mustang--Lee Iacocca--is back with a custom-built 2009 version that celebrates 45 years of the iconic pony car. Iacocca unveiled a sleek, performance 'Stang named after himself, the Iacocca Silver 45th Anniversary Edition. It's available through Galpin Ford in Southern California and will be limited to 45 copies.

Kia Ray Concept at Chicago Motor Show

Kia wil preview the Kia Ray Concept plug-in hybrid at the Chicago Motor Show next month Yes, the Detroit Motor Show is only just about done, but waiting in the wings is the rather less fancy Chicago Motor Show (although they probably won’t thank us for describing it as such). But despite Chicago being a lower key affair than Detroit they will still get their share of new stuff. Well, not necessarily new (we reported that North America gets the BMW Alpina B7 which will debut at Chicago) but certainly new to the US.

Geely president Li Shufu admits disputes with Volvo managers

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.