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Iacocca shows off his custom 45th-anniversary Mustang

The man behind the original Mustang--Lee Iacocca--is back with a custom-built 2009 version that celebrates 45 years of the iconic pony car. Iacocca unveiled a sleek, performance 'Stang named after himself, the Iacocca Silver 45th Anniversary Edition. It's available through Galpin Ford in Southern California and will be limited to 45 copies.

Volkswagen teases with sketch of new sedan for Tennessee factory

Volkswagen AG on Thursday released a sketch of the mid-sized sedan that will be built at VW's factory now under construction in Chattanooga, Tenn. The mid-sized sedan, which has yet to be named, will be slightly larger than the Passat. VW plans to build 150,000 units annually when the factory opens in early 2011.

Lamborghini Veneno Roadster gets its public debut on an Aircraft Carrier in Abu Dhabi

The Lamborghini Veneno Roadster (pictured) debuts in Abu Dhabi Depending on your point of view, the Lamborghini Veneno Roadster is either the summit of Lamborghini’s extreme cars or a cynical exercise to milk cash from those with more money than sense. An open-topped version of the equally cynical Lamborghini Veneno Coupe, Lamborghini say the Roadster has the aerodynamic efficiency of a racing prototype thanks to its perfect airflow and downforce and its stiff and light CFRP monocoque and body panels. But at £3.35 million, the Veneno Roadster costs ten times the equivalent – and just as quick – Aventador Roadster, so you’re paying a huge premium for one of the nine Veneno Roadsters Lamborghini are planning to build in 2014.