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VIDEO: Ford test-drives the 2011 Mustang GT500 at Virginia International Raceway

What's it like to drive the 2011 Ford Mustang GT500? Watch this video and get a taste. Ford's Special Vehicle Team engineers recently put this new pony car though its paces at Virginia International Raceway.

One Lap of the Web: a drifting luxobarge and an 80s hot hatch

-- If you've been wondering for the past few months since the release of the 2014 Mercedes-Benz S-class what it would look like if it was forced to drift around a racetrack (and who hasn't?) along with a Nissan 200SX drift machine, this video should answer that question. -- Remember the Shelby GLHS of the late 1980s? Those things were powered almost entirely by turbos, it seemed, and the whoosh they made is epic even by today's standards.

Saab files for reorganization, seeks $1 billion to survive

Saab is seeking $1 billion (793 million euros) to be self-financing, the company said on Friday after it filed for reorganization under a self-managed Swedish court process. The General Motors-owned Swedish brand said it will work "to create an independent business entity" and will concentrate production, design and engineering in Sweden. Saab said it would continue to operate as normal during the reorganization process, with GM and the Swedish government providing some support.