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2013 Ford Mustang Shelby GT500 to start at $54,995

The muscle-car hammer known as the 2013 Ford Mustang Shelby GT500 will start at $54,995 for the coupe and $59,995 the convertible. Both prices include the $795 destination charge. The 200-mph pony car from the Blue Oval comes with a 650-hp, 5.8-liter supercharged V8 and a manual transmission standard.

Rolls Royce redesigns sought in new competition

Hip Shing Hong Group, Stefano Tordiglione Design and online design platform It's Liquid have launched a competition to redesign a Rolls Royce for a factory-turned-office project in Hong Kong. The contest, focused around the themes ‘Innovation', ‘Energy' and ‘Creativity', is giving the winners the chance to see their design displayed in the lobby of the new building. They will also receive a cash prize of HKD 20,000/EUR 2,000, while the second- and third-placed designers will earn themselves HKD 10,000/EUR 1,000 and HKD 5,000/EUR 500 respectively.

Tesla takes a swipe at BMW & Audi

Tesla’s design boss, Franz von Holzhausen, says the BMW i3 is an IKEA car We’ve long been of the opinion that electric cars, certainly with the current levels of battery technology, can never be a replacement for an ICE car. But we do have soft spot for what Tesla are doing. That’s because Tesla has tackled the issues of electric cars in  the cleverest way possible by building a car (the Model S) that looks like a normal luxury car – rather than making it look odd or quirky just to ram home its difference – and made it travel a sensible distance on a single charge.