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American icon, reborn: the 1967 Shelby GT500CR Continuation Car (2010): first official pictures

We all have fantasies about meeting long dead heroes, dreams like seeing the Beatles play onstage, going dirt bike riding with Steve McQueen, or talking politics with JFK. Until they improve cloning technology, we won't be heading out to the desert with Steve, but there is one legend that is reborn and ready to ride. An Oklahoma based custom coachbuilder called Classic Recreations announced at the auto-industry love-fest called SEMA last November that they had struck a deal with Shelby American to put one of the most famous Ford muscle cars ever built back into production - the 1967 Shelby GT500.

General Motors halts Hummer production until sale is completed

General Motors will stop production of Hummers at the end of this week as the automaker waits for Chinese regulators to approve the brand's sale to Sichuan Tengzhong Heavy Industrial Machinery Co. Output of Hummer H3 and H3T models at GM's Shreveport, La., plant will resume once the pending acquisition is completed, Hummer spokesman Nick Richards said. Richards declined to specify what issues remain to be approved by the Chinese government.

Need for Speed Ford Mustang sells for $300,000

The 900hp Ford Mustang GT as seen in the latest Need for Speed movie has sold at an auction in the US for $300,000 – that’s roughly £180,000. Unfortunately, the winning bidder might be disappointed to find out that in real life it doesn’t make anywhere near the 900hp claimed in the film, instead running a stock 420hp. Please click on the picture above to find out more about the Need for Speed Mustang