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New Porsche 911 Turbo gets a bigger engine and cranks out 500 hp

There are plenty of good reasons to go to the Frankfurt motor show in September, but this seals the deal--Porsche will use the show for the rollout of the new 911 Turbo in coupe and convertible versions. Porsche on Friday gave us photos and details on the newest 911. Here are the high points: -- New 3.8-liter flat-six engine rated at 500 hp.

Ford follows Hyundai with payment protection plan

Ford Motor Co., taking a cue from Asian rival Hyundai Motor, is offering to make car payments for buyers who lose their jobs. The program, called the Ford Advantage Plan, will cover payments for up to 12 months. The move is aimed at boosting sales, which have fallen 45.9 percent this year through February at Ford Motor and 39.4 percent industrywide as the U.S.

Enormous Jaguar sculpture graces Goodwood

A 91-foot sculpture of the Jaguar E-type serves as a striking centerpiece for this year's Goodwood Festival of Speed in the United Kingdom. It took 10 days for a bridge-building company to install the 330,690-pound statue in front of the Goodwood House. That is the weight equivalent of 122 life-size copies of the Series 1 E-type.