Win-A-Shelby raffle winner gets a 624-hp GT350

After years of participating in the Win-A-Shelby Raffle, one lucky enthusiast finally drew the golden ticket at the Barrett-Jackson Orange County Auction in Costa Mesa, Calif. William Munn of Maritez, Calif., was crowned owner of the 2011 GT350 on Sunday. By buying five tickets at $100 or a single ticket for $25, participants placed their names in the drawing to win the coveted Shelby.

Steve McQueen’s Ferrari 275 GTB4 restored by Ferrari Classiche

Ferrari Classiche has taken Steve McQueen’s Ferrari 275 GTB4 and put it back to original Coupe form with and-beaten steel panels. We all know that classic Ferraris are one of the better investments you can make, certainly in the long term. Just look at the recent sale of a Ferrari 250 GTO for $35 million (new price in the early 1960s was £6k) for evidence of the enormous prices classic Ferraris fetch, certainly the pre-Fiat Ferraris where production numbers were small.

Ford recalls minivans, SUV

Ford is recalling nearly half a million vehicles to fix defects that can cause fires or loss of power. About 205,800 copies of the Ford Freestar and Mercury Monterey minivan from the 2004 and 2005 model years are being recalled, because torque-converter output shafts in the transaxle might fail and cause power loss. Ford is also recalling 244,530 Escape SUVs from the 2001 and 2002 model years, which might have brake-fluid leaks that can cause corrosion and fire.