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Ford launches Cobra Jet and Boss Mustangs

Two new potent Mustangs that channel the past but pack serious modern muscle will soon be available for enthusiasts. Ford revealed the 2012 M-FR500 Cobra Jet Mustang for drag racing at the Performance Racing Industry Show in Orlando on Thursday. For road racers, the Blue Oval is adding the 2011 Mustang Boss 302S.

Rolls-Royce Phantom Coupe Aviator Edition Pebble debut

Rolls Royce has created a special edition of the Phantom Coupe – the Rolls-Royce Phantom Coupe Aviator Edition – to debut at Pebble Beach. Even car makers at the very top end produce limited edition models to garner extra sales, and Rolls Royce is no different. With the Pebble Beach petrolhead jolly about to kick-off in Monterey, Rolls Royce has revealed a limited edition Phantom Coupe – the  Rolls-Royce Phantom Coupe Aviator Edition – which will debut at Quail and celebrates Charles Rolls’ passion for aviation.

Ford and GM reliability ratings dip in Consumer Reports survey

Consumers rated Ford's new Explorer, Fiesta and Focus models at less-than-average reliability during their first year, according to Consumer Reports' annual auto survey. Poor reception of the new models bumped Ford's overall reliability rank from the 10th spot in 2010 to the 20th this year among the 28 major nameplates included in the survey. Findings are based on responses from 1.3 million vehicle owners or lessees who subscribe to the magazine.