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2013 Ford Mustang Shelby GT500 to start at $54,995

The muscle-car hammer known as the 2013 Ford Mustang Shelby GT500 will start at $54,995 for the coupe and $59,995 the convertible. Both prices include the $795 destination charge. The 200-mph pony car from the Blue Oval comes with a 650-hp, 5.8-liter supercharged V8 and a manual transmission standard.

CAFE standards set to rise to 54.5 mpg for 2025

President Barack Obama on Friday revealed ambitious plans to raise the corporate average fuel economy standard for cars and light trucks to 54.5 mpg by the 2025 model year, a landmark move that will dramatically remake carmakers' product portfolios and consumers' buying habits. Unlike the first CAFE standards passed by Congress in 1975, the Detroit automakers now publicly support the high requirements and have begun retooling their fleets to adapt the changes. “[This] represents the single most important step we've ever taken as a nation to reduce our dependence on foreign oil,” Obama said in a morning press conference.

Button wins for Brawn GP in Malaysia

Jenson Button triumphs for Brawn GP in Malaysia in the pouring rain. [ad#ad-1] After last weeks fairy-tale start to racing for Brawn GP at Melbourne, it was hard to believe that, despite seemingly being the best car on the grid,  Jenson Button could repeat his performance in Malaysia. But he has, and Brawn become the first team to get two wins on the trot in their first season since Alfa Romeo in 1950.