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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.

'Fuel thieves' held in flood area

THREE MORE alleged fuel thieves have been arrested in the flood-stricken Somerset Levels. Police stopped the trio at 4am today near the flooded village Muchelney and found drums and an electric pump in their 4x4. The men, aged 51, 35 and 24, are now being held at Yeovil police station.

2010 Lotus Exige S 240 confirms specs and pricing

The latest speed demon from Lotus, the 2010 Exige S 240, will start at $65,690 when it goes on sale in the United States in this fall. The S240 gets a restyled front end with a larger, more angular air intake flanked by two other vents. There also is a new splitter that wraps around the face of the car.