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Red Tails Mustang joins auction at AirVenture Oshkosh

Ford has produced a one-off Red Tails edition of the 2013 Ford Mustang GT for an auction at the Gathering of Eagles charity event on July 26. The event will take place during the Experimental Aircraft Association (EAA) AirVenture Oshkosh 2012 at Wittman Regional Airport in Oshkosh, Wis. Proceeds will benefit the Young Eagles program, which provides free introductory flights for young people.

GM reveals new, highly modular Ecotec engine family

GM introduced its new modular family of Ecotec engines on Wednesday at its powertrain headquarters in Pontiac, Mich. The new, reduced-in-size three- and four-cylinder mills will replace three of GM's current engine families, eventually making their way into five of the company's brands. The Ecotec family will eventually spawn 11 engines in total, ranging in displacement from 1.0 liter to 1.5 liters.

Terrafugia's next flying car to be a tiltrotor?

It took Bell, Boeing and the United States military decades to get the V-22 Osprey from idea to deployable platform. But with one flying car in the final stages of development, Terrafugia's looking to the military tiltrotor for inspiration. With their Transition model slated to begin deliveries in 2015 or 2016, Terrafugia's TF-X has hit the drawing board.