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Parade celebrates astronauts and Corvettes

After Alan Shepard became the first American to travel into outer space in 1961, General Motors executive Ed Cole presented the astronaut with a new 1962 Chevrolet Corvette, customized with a space-age interior. Shepard had brought along his own 1957 Corvette when he reported for the space-training program in 1959. Thanks to a special lease arrangement between the space men and a Melbourne, Fla., Chevy dealership, six of the Mercury Seven astronauts were Corvette owners.

Who killed Pontiac? Ask Bob Lutz

Bob Lutz is not a man who can be contained within 140 characters. This past weekend he spoke at the Petersen as part of the Inside the MotoMan Studio series, hosted by friend of Autoweek George Notaras (past events have been with Ralph Gilles and Derek Jenkins). Lutz talked at length about his childhood in Switzerland, early memories working for Ford and Chrysler, the time he swayed BMW management away from building Mercedes-like luxoboats, and what Lee Iacocca was really like behind closed doors.

Ford debuts another Australian hot rod

Ford's Australian-based Performance Vehicles operation has unveiled its fastest car to date—the Falcon-based FPV GT R-spec. To be assembled at Ford Performance Vehicle's headquarters on the outskirts of Melbourne, the rear-wheel drive GT R-spec packs the same engine as the earlier GT335, a supercharged 5.0-liter V8 producing 449 hp and 420 lb-ft of torque. But, a range of chassis modifications, including a retuned suspension, wider 19-inch rear wheels and tires and new launch control system are claimed to provide the greater off-the-line speed than any previous model from Ford's Australian outpost.