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1965 Shelby Daytona Cobra sells for $7.25 million at Monterey auction

The championship-winning 1965 Shelby Daytona Cobra Coupe CSX2601 sold for a record $7.25 million on Saturday at an auction in Monterey. The sale is believed to be a record for an American car at auction. Bob Bondurant drove it to victory in the 12 Heures du Reims--fittingly on the Fourth of July in 1965 to secure the FIA title.

Detroit auto show: Ford Mustang Boss 302R breaks cover

Some 40 years after Parnelli Jones drove a Bud Moore-built Boss 302 Mustang to the Trans-Am championship, Ford Racing has unleashed a new Boss 302R. The new Boss is an off-road-only Mustang that comes from the factory race-ready. Each of the limited-to-50 cars will come fitted with a 5.0-liter four-valve V8 and six-speed manual transmission.

LA Design Challenge 2012: Highway Patrol Vehicle 2025

The LA Design Challenge has called for design studios from around the world to compete and create the ultimate law enforcement vehicle for the year 2025. Design studios from Bentley and BMW have taken up the challenge while General Motors, Honda, Hyundai and Subaru – entrants in last year's competition  – have returned in a bid to showcase their creativity and talent and be honored in this annual contest. Our world is constantly evolving as new technologies and countries rapidly develop, and as such it creates a real challenge for law enforcement as they strive to keep pace and allow them to do their jobs to the best of their ability.