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Southern California's Holiday Motor Excursion wraps up the year: Video

It wouldn't be Christmas, New Year's or any of the other things we celebrate around this time without the annual Holiday Motor Excursion put on by the Horseless Carriage Club of America's Southern California Branch. Each year, between Dec. 25 and New Year's Day, a couple hundred cars older than your favorite grandfather drive, putter, wheeze or roar onto the roads in and around Pasadena, Calif., for a daylong road trip into motoring's past in a wheeled testament to mechanical devotion.

Redesigned Ford Mustang scores high mpg for V8

Completing the fuel-economy story for the redesigned 2011 Mustang, Ford said on Tuesday that the V8-powered pony car is rated at 26 mpg on the highway and 17 mpg in city driving. That compares with a 16 mpg/24 mpg city/highway rating for the 2010 Mustang. The highway rating was achieved with the six-speed manual transmission.

Volvo Concept Universe

Taking center stage at the Shanghai Auto Show was the Volvo concept Universe.  As the first project done under Peter Horbury since his return to Volvo, and new owner Geely the car marks a departure from current design languages and returns to simple Scandinavian design. "The Concept Universe offers the world a sneak preview of what people can expect from our next top-of-the-line sedan," says Stefan Jacoby, President and CEO of Volvo Car Corporation.