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Ford salutes Carroll Shelby with 850-hp GT500 Cobra

The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.

Toyota uses cash offers in bid to get rolling

Coming off a sharp sales decline in December, Toyota Division is trying to lure buyers into showrooms with new cash offers for customers and dealers. Even the Prius is getting support, after having been excluded from the brand's lavish incentive program in the last quarter of 2008. Toyota put $750 in dealer cash on the hood of the hybrid car.

2015 Chevrolet Corvette Z06 unleashed at Detroit Motor Show 2014

Hoist up your Stars & Stripes and crank up your Bruce Springsteen tunes, because the 2015 Chevrolet Corvette Z06 has finally broken cover at the 2014 Detroit Motor Show. This is a Chevrolet Corvette C7 Z06 like we've never seen before. And given that Chevrolet claims it's the "most track-capable Corvette in history", you may find it hard to keep up with it, too.