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2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.

Pfadt Race Engineering Cadillac ATS hits 162.5 at Texas Mile

Pfadt Race Engineering is claiming it has the world's fastest Cadillac ATS after clocking 162.5 mph in the standing mile at the latest Texas Mile event in Beeville. Pfadt used the turbocharged four-cylinder ATS as a starting point and upgraded the turbo, intercooler, suspension and exhaust. Pfadt says the engine improvements are responsible for adding more than 100 extra hp in the lightweight luxury sedan, which starts with 272 hp.

Packard 1108 Twelve wins Pebble Beach concours

The 1934 Packard 1108 Twelve that won the Pebble Beach Concours d'Elegance in a perfect coat of dark green paint was once a lowly taxi cab prowling the streets of Puerto Rico in roughly applied red and orange livery. "A gentleman named Ricardo Ricasta bought it in New York in 1934 and the car returned to Ricasta's original home in Puerto Rico for a while," owner Joseph Cassini said. "When he passed away and the family had no interest in the car, it became a taxi cab for a while." Imagine hailing a cab in downtown San Juan and this magnificent Packard rolls up.