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Shelby American to host Shelby Vegas bash

The 2014 Shelby Vegas Bash is set to begin April 14, leading right into the 50th birthday celebration of the Mustang Club of America. “With the Shelby Vegas Bash leading into the MCA 50th birthday celebration, we're expecting this year to be bigger and better than ever,” said Joe Conway, CEO of Shelby American. “This will be the first opportunity to host Shelby members and enthusiasts at our new world headquarters in the heart of Las Vegas.” The Pacific Coast Team Shelby Region will start the event with a 300-mile drive from Palm Springs, Calif., to the Shelby headquarters, which will have many cars on display, along with live music and a meet and greet.

1958 Ferrari Berlinetta sells for $3.6 million at RM auction in London

A 1958 Ferrari sold for $3.6 million at RM Auctions' annual event in London on Oct. 26. But other top lots--including another Ferrari, a Lamborghini and an Aston Martin--failed to reach the reserve price for a sale.

Ford reportedly to shut down Mercury

The Mercury brand, rumored to be on the verge of death several times over the past decade, would be shut down under a plan being prepared for Ford Motor Co.'s board of directors, Bloomberg News reported on Thursday. Citing two executives who have knowledge of the plan but asked not to be identified, the news service said the plan would be submitted to Ford's board in July. How quickly Mercury would be shut down depends how quickly the automaker can convince Lincoln Mercury dealers to close or merge with a Ford-brand dealership, the report said.