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Ford to reveal 2011 Shelby GT500 on Monday afternoon

It's the day after the Super Bowl, but it's still an informal holiday--the high feast of the Ford Shelby GT500. Ford will reveal the 2011 'Stang on steroids on Monday at 1:30 p.m. at the Ford SVT garage near Detroit.

McLaren 650S priced from £195,250 and does 0-62mph in 3.0 seconds

The new McLaren 650S (pictured) costs from £195,250 It’s only ten days since the McLaren 650S was revealed as a more hardcore version of McLaren 12C supercar – and with more than a hint of P1 styling – but McLaren are already building it and have revealed performance and price details. Available as either a 650S Coupe or 650S Spider, the starting point is £195,250 for the Coupe and £212,250 for the Spider, that’s almost £20k more for the 650S Coupe than the 12C Coupe and £17k more for the Spider. But apart from the more dramatic styling, increased downforce and tweaks from the extra power – the 650S gets 641bhp – to the improved handling and dynamics, you also get increased levels of optional equipment including carbon racing seats from the P1, rear parking camera and full carbon fibre interior.

Kia promotes design chief Schreyer

Kia Motors Corp. has promoted design chief Peter Schreyer to president. He's the first non-Korean to attain the position at Kia.