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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

Mini Paceman (2012) first official pictures

This is a controversial one. It's the new Mini Paceman, a coupe version of the Countryman SUV, which itself is an upsized take on the Mini hatch. If that leaves you dazed and confused, angry even, as to why anyone would want to own such a thing, this isn't the car for you.

Capitol Hill notebook: Obama defends autos, Akerson defends the Chevrolet Volt

Less than 10 hours after President Barack Obama wrapped up his third State of the Union address, manufacturing and automobiles continued to command the spotlight on Wednesday in Washington. The day began with General Motors CEO Dan Akerson defending the Chevrolet Volt before a U.S. House committee hearing, saying he didn't want it to become a "political punching bag," according to testimony provided by the company.