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Ford debuts another Australian hot rod

Ford's Australian-based Performance Vehicles operation has unveiled its fastest car to date—the Falcon-based FPV GT R-spec. To be assembled at Ford Performance Vehicle's headquarters on the outskirts of Melbourne, the rear-wheel drive GT R-spec packs the same engine as the earlier GT335, a supercharged 5.0-liter V8 producing 449 hp and 420 lb-ft of torque. But, a range of chassis modifications, including a retuned suspension, wider 19-inch rear wheels and tires and new launch control system are claimed to provide the greater off-the-line speed than any previous model from Ford's Australian outpost.

Chevrolet SS to be the name of brand's performance sedan, NASCAR entry

It's back. Big, bad and with four doors, rear-wheel-drive performance will return to the Chevrolet sedan lineup in 2013, simply called the SS. Chevrolet confirmed on Thursday that “SS” will be the name of its next sporty four-door, and it will be used by NASCAR Sprint Cup teams starting at the 2013 Daytona 500.

Chrysler Shakes Up Design Leadership

A recent shuffle of Chrysler Group's design team could be just what the company needs to effect a quick turnaround after bankruptcy, industry analysts say. The automaker has promoted three men from within to head design for its Chrysler, Dodge and Jeep brands. These freshly created positions - part of a broader restructuring effort - will report to Ralph Gilles, senior vice president of product design.