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Ford gets the 1965 Mustang ready for the racetrack

When a pair of 1965 Ford Mustangs served as pace cars for the 1964 Indianapolis 500, the car -- which had made its debut just a few weeks before -- was kicking off an exciting motorsports career that continues to this day. In the April 25, 1964, issue of Competition Press and Autoweek, we shared news (relayed to us by none other than Lee Iacocca) of the Mustang's racing ambitions. At the time, the competition schedule included the Midnight Sun road rally in Sweden, the Alpine rally in France and Spa-Sofia-Liege rally, which ran between Belgium and Yugoslavia.

GM to invest $2 billion in 17 plants

General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.

Study finds customer satisfaction up slightly

U.S. customer satisfaction with vehicles industrywide has increased slightly, fueled by gains among Asian and European automakers, according to an annual report released by the American Customer Satisfaction Index on Tuesday. Overall satisfaction with the auto industry climbed 1.2 percent from 2010 to 83.