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The 1967 Shelby GT350 and GT500 are here!

The 1967 model year saw the introduction of a redesigned Ford Mustang that was slightly larger and heavier than the first pony cars. Bloat, it seems, has been around forever. But it wasn't all bad: '67 'Stangs got those crisp, fastback lines immortalized in "Bullitt" and yes, the remake of "Gone in 60 Seconds." Plus, the Mustang's increased size meant you could wedge a big-block motor under the hood, and that's exactly what Shelby American did with the GT500.

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.

Help American Dreaming movie tell the story of the postwar era's car designers [w/video]

The makers of a new movie charting America's postwar car designers are seeking donations to make the project become reality. The film's makers are hoping to raise $100,000 to make American Dreaming, a documentary movie that aims to tell the story of the lives of the men and women who worked in automotive design between 1948 and 1973. The film will be produced by Detroit artist Robert Edwards, former Detroiter Greg Salustro, and cinematographer Jim Toscano, and will include interviews with the men and women who worked in automotive design studios at the time.