Joe Hunt Magneto, Chevy, 350, 454, Bronze Gear, Moroso Wires, Spark Tested on 2040-parts.com

Shelby American celebrates the GT350's anniversary with a modern Mustang

Shelby American is marking the 45th anniversary of the legendary Shelby GT350 Mustang with a new version, designed for Ford's new 5.0-liter V8 in the 2011 Mustang. For those willing to plunk down $33,995--plus the cost of a new Mustang--the team at Shelby American in Las Vegas will crank out a modernized GT350. On the outside, that calls for white paint with the blue racing stripes down the center of the hood, roof and deck.

From the vaults: Ford Styling and the Experimental Car circa 1964

Unearthed from the Ford Mo Co. marketing department archives this film documents the work, inspiration and methods of the company's design department. As well as an inside look into the development of the 1964 Mustang, retro-futurists are treated to a look at the then space-age creations including the particularly awesome Aurora station wagon with its three-seat corner sofa, electro-luminous side panels and primitive satellite navigation.

Lotus to invest £500 million to build Esprit, Eterne, Elite & Elan. 1900 new jobs

The new Lotus Esprit Dany Bahar – Lotus boss – revealed plans at last year’s Paris Motor Show to turn Lotus in to an East Anglian Aston Martin. Those plans included one car we knew about – the new Lotus Esprit – and a number we didn’t – the Lotus Eterne, Lotus Elite, Lotus Elan and a new Lotus Elite. But the plans seemed to be nothing more than a wish list, and although it was intimated that Lotus owners Proton were going to provide a war chest of £770 million to fund the development, that later appeared to be an intent to provide Lotus with funds to develop a new range of cars, rather than an actual commitment.