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Ford to reveal 2011 Shelby GT500 on Monday afternoon

It's the day after the Super Bowl, but it's still an informal holiday--the high feast of the Ford Shelby GT500. Ford will reveal the 2011 'Stang on steroids on Monday at 1:30 p.m. at the Ford SVT garage near Detroit.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Kia Sportage and Soul recall – affects 7000 UK cars

5,787 UK Kia Sportage models (pictured) are being recalled. Recalls are a fact of life for car makers, but at least the industry now tries to respond to problems as they arise, and before they cause damage to people of vehicles. This latest recall comes from Kia in the UK, which is recalling a total of 5,785 Sportage models and 1.432 Soul models to address a problem that ha been identified with the seat belt pre-tensioner mechanism.