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Alfa Romeo will reportedly become standalone company

Fiat Chrysler Automobiles CEO Sergio Marchionne plans to turn Alfa Romeo into a standalone company, Automotive News Europe reports. Marchionne is expected to announce wide-ranging plans for the brand on May 6 which will see Alfa Romeo become a stand-alone legal entity within Fiat-Chrysler, with a publicly disclosed profit and loss statement. Alfa Romeo is currently part of Fiat Group Automobiles S.p.A., which also contains Lancia, Fiat Professional trucks and vans and the Abarth performance brand.

American icon, reborn: the 1967 Shelby GT500CR Continuation Car (2010): first official pictures

We all have fantasies about meeting long dead heroes, dreams like seeing the Beatles play onstage, going dirt bike riding with Steve McQueen, or talking politics with JFK. Until they improve cloning technology, we won't be heading out to the desert with Steve, but there is one legend that is reborn and ready to ride. An Oklahoma based custom coachbuilder called Classic Recreations announced at the auto-industry love-fest called SEMA last November that they had struck a deal with Shelby American to put one of the most famous Ford muscle cars ever built back into production - the 1967 Shelby GT500.

2013 Ford Fusion Energi gets range of 620 miles

The hybrid wars continue -- much less exciting than the MyFord Touch -- after the Detroit auto show, and Ford has thrown it latest punch: the 2013 Fusion Energi plug-in hybrid. The Energi is the Blue Oval's fifth electrified vehicle to launch in the past year, and will arrive with a total gas and electric range of 620 miles. That's 120 miles more than the 2014 Honda Accord hybrid and 80 miles more than the Prius hybrid.