Cadillac 15" Wire Wheel Cover on 2040-parts.com

First 2015 retail Mustang goes for $300K

Compared to your typical Barrett-Jackson collector car auction price, $300,000 might not seem like too much--a 1967 Corvette went for $3.8 million. But with 100 percent of the proceeds going to the Juvenile Diabetes Research Foundation, $300,000 doesn't sound too shabby. On Saturday, the winning bidder ended up dishing out $300k for the first 2015 retail Ford Mustang GT, about 10 times the actual price.

Lamborghini Gallardo Squadra Corse breaks cover at Frankfurt motor show

Lamborghini revealed the V10-powered Gallardo Squadra Corse at the Frankfurt motor show on Tuesday. The name refers to the recently founded department within the company that manages all motorsport activities, from GT3 to Lamborghini Blancpain Super Trofeo. Lamborghini says the Squadra Corse is derived directly from the race car version, using the same V10 engine and rear wing.

Volvo to unveil new SUV tomorrow [w/video]

Volvo will premiere a mystery new vehicle tomorrow after releasing a series of three teaser videos. The highly ambiguous videos, which give few details of the car, all feature members of the band Swedish House Mafia, which end with the words "Leave The World Behind" and the date of its official debut. You can catch sight of the vehicle in the distance during the second video (left), however, which looks to be the rumoured XC40 compact crossover, rather than the larger XC90 SUV.