Anniversary-edition Shelby Cobra sells out within 48 hours of its debut

All 50 copies of the 50th Anniversary Shelby Cobra Street Car sold out within 48 hours of its official introduction, Shelby American said on Monday. The car was unveiled during the Barrett-Jackson Auction on Jan. 21 in Scottsdale, Ariz.

Toyota says software glitch in data boxes can give faulty speed readings

A top Toyota executive says the crash data boxes in its vehicles are reliable but a bug in the software that reads the information can provide inaccurate vehicle speeds. The disclosure comes as the National Highway Transportation Safety Administration continues its investigation into unintended acceleration of Toyota models. “Toyota has acknowledged previously that the event data recorders are not accurate,” said Takeshi Uchiyamada, executive vice president in charge of research and development.

NYC carriages about to go extinct?

If you love taking horse-drawn carriage rides in New York City, you best hurry -- they might be replaced with new horseless carriages by next year. At the New York auto show Florida-based car restoration firm The Creative Workshop introduced an eight-passenger electric horseless carriage designed to replace today's horse-drawn carriages. The company says its car blends “early 20th-century style, nostalgia and romance with 21st century eco-technology, comfort and safety,” calling the Horseless eCarriage the first brass-era-type car in more than 100 years.