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U.S. safety officials deny airbag exemption for the Pagani Huayra

U.S. safety officials have shot down Italian supercar maker Pagani's request that the Huayra coupe be exempted from needing advanced airbags--a move that means Pagani can't legally sell the car in the States. Safety rules require that all new cars sold in the United States be equipped with airbags that can automatically adjust deployment force based on the height and weight of the seat occupant.

Carbon Motors denied government loan for police cruiser

Carbon Motors, an Indiana-based company that aims to build police vehicles, said on Wednesday that the Department of Energy has denied its application for a loan under the Advanced Technology Vehicle Manufacturing program. The loan program was created under President George W. Bush and continued with President Barack Obama.

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.