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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.

NHTSA investigates Ford Super Duty for steering problem

Federal U.S. safety officials are investigating about 340,000 copies of the 2008 Ford F-250 and F-350 Super Duty pickup trucks for a reported steering problem. The National Highway Traffic Safety Administration has received five complaints that an internal failure of the steering gear box results in a complete loss of steering control.

Concept Car of the Week: Oldsmobile Golden Rocket (1956)

From 1949 to 1961, General Motors ran its own motor show. Called Motorama, the annual event was a showcase for concept cars which revealed prospective design and technology directions for all of GM's brands and for cars in general. Each year, one-off creations were designed and built for GM's multiple divisions, from Chevrolet all the way up to Cadillac.