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Detroit auto show: Ford pumps up the 2011 Mustang GT with 412 hp

To Ford Mustang fans, 5.0 has a special place in their hearts and Ford has delivered a new car for them to love: the 2011 Mustang GT. The 5.0-liter V8 Mustang GT will deliver 412 hp and 390 lb-ft of torque. The engine produces 83 hp per liter yet will return 25 mpg on the highway and 17 mpg in the city, according to Ford marketing boss Jim Farley.

Sold out: RM sells entire vehicle inventory at Hershey auction

RM Auctions recorded a 100 percent sell-through rate at its Vintage Motor Cars of Hershey (Pa.) event. With more than 140 vehicles featured, the auction house posted $8.8 million in total sales. There was worldwide interest for the cars as bidders on the phone and the Internet represented 18 different countries, including Argentina, Turkey and Australia.

Ford CEO Alan Mulally to deliver keynote address at CES

Ford is continuing to double-down on its Sync technology as a way to separate itself from competitors, and in that theme CEO Alan Mulally will again deliver a keynote address at the Consumer Electronics Show in January in Las Vegas. He's expected to unveil the next round of Ford's Sync features at the show, which is a bellwether event for the technology industry. He also spoke at last year's show, and former GM CEO Rick Wagoner addressed it in 2008 as part of efforts by auto execs to showcase new innovations in their cars.