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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.

BMW i8 – launch name for Vision EfficientDynamics. Possibly.

The BMW Vison ED - to launch as the BMW i8? Update 29-7-11: BMW has now revealed the BMW i8 Concept. BMW i8 Concept Photo Gallery Update: BMW has now revealed its new eco sub-brand as BMW i, and revealed that the Vision EfficientDynamics will indeed be the BMW i8.

Caterham Cars offers free 40-year anniversary package

Caterham Cars, the U.K.-based maker of lightweight track-day vehicles, will celebrate 40 years building the legendary Seven with a free option package for the open-wheel roadster. The package is available starting today, but only for the first 40 orders of the Seven or its variants. Rights to the Seven were acquired by Graham Nearn from Lotus legend Colin Chapman in 1973.