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Ford preparing fastest ever four-door—in Australia

Ford's struggling Australian outpost is set to unleash its fastest-accelerating car yet in the form of a limited- edition version of the four-door Falcon GT Boss 335 sedan running various chassis-based performance enhancements, according to Australian media reports. Known internally at the company's Ford Performance Vehicles division under the code name Panther, the Blue Oval's supersedan is set to run the same supercharged 5.0-liter V8 as the standard Falcon GT Boss 335—itself a locally developed version of the Mustang's 90-degree Coyote unit with unique cylinder heads and renamed Miami. It delivers 449 hp at 5,750 rpm and 420 lb-ft of torque at 2,200 rpm.

Bennett Coachworks ZX-1 Corvette

Imagine that you're a Corvette fanatic that simply has to have the latest and greatest incarnation of America's sports car in your driveway. You're head over heels for the sexy 2014 Corvette Stingray, and you've marched right to the dealership and ordered one up for yourself. Life should be good.

Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.