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Special Ford Mustang honors Iacocca's pony car

Nearly 20 years after Lee Iacocca retired--and 45 years after he helped launch America's first pony car--the former Ford and Chrysler exec is attaching his visage to this: the Iacocca Silver 45th Anniversary Edition Ford Mustang. Planned for a limited run of only 45 units, the "I" edition features 5 hp more than stock from the Ford 4.6-liter V8; a 400-hp supercharged version is optional. Ford Racing suspension is standard, while 14-inch Ford Racing brakes are optional.

Concept Car of the Week: Renault Vel Satis (1998)

The approach to the design of top end models varies greatly depending on the manufacturer's heritage and the cultural differences of each country. It might be a conventional combination of wood and leather for some, power and technology for others, but it is generally packaged into a three-box four-door sedan or two-door fastback. Renault on the other hand had a much more cutting edge vision of what a luxury automobile could be.

Porsche, Volkswagen work out more sale details, may use Auto Union name

Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports. The new entity could be led by Volkswagen CEO Martin Winterkorn, and Porsche would retain some independence--similar to Audi's setup within the Volkswagen Group. Porsche would be the 10th brand in the company.