Volkswagen Jetta Right Rear Door, Sdn, Electric, 2006 on 2040-parts.com

Ford salutes Carroll Shelby with 850-hp GT500 Cobra

The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

Mercedes-Benz reveals all-new C-Class

Mercedes-Benz has uncovered the new C-Class – a model aimed at toppling the all-conquering BMW 3 Series. Benefitting from the full might of Mercedes’ technological arsenal, the new C-Class is the most advanced version yet by a clear margin… and in some respects, is the most sophisticated vehicle the junior executive class has ever seen, too. It also takes on a sleek new look, owing plenty to the highly-praised new S-Class, while the interior offers, says Mercedes, an experience akin to stepping from economy class to business class on an aircraft.