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Anniversary-edition Shelby Cobra sells out within 48 hours of its debut

All 50 copies of the 50th Anniversary Shelby Cobra Street Car sold out within 48 hours of its official introduction, Shelby American said on Monday. The car was unveiled during the Barrett-Jackson Auction on Jan. 21 in Scottsdale, Ariz.

Cash for clunkers plan revives trade fight

Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.

Who's Where: Peter Jones appointed Lincoln Interior Design Manager

Lincoln has appointed Peter Jones as the luxury brand's new interior design manager, a role he will take up within the next few weeks. Jones, who has worked at Ford Australia's design studio for seven years, will report directly to Max Wolff, a former colleague who moved in January 2011 to become Lincoln's Design Director. The Australian designer was interior design manager for the new Ranger and also worked as lead exterior designer on the FG Falcon Ute.