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Ford debuts another Australian hot rod

Ford's Australian-based Performance Vehicles operation has unveiled its fastest car to date—the Falcon-based FPV GT R-spec. To be assembled at Ford Performance Vehicle's headquarters on the outskirts of Melbourne, the rear-wheel drive GT R-spec packs the same engine as the earlier GT335, a supercharged 5.0-liter V8 producing 449 hp and 420 lb-ft of torque. But, a range of chassis modifications, including a retuned suspension, wider 19-inch rear wheels and tires and new launch control system are claimed to provide the greater off-the-line speed than any previous model from Ford's Australian outpost.

Autoweek in review: What you might have missed

The week started off well for BMW fans with the release of the redesigned 3-series wagon. The fifth-generation wagon is expected to reach the States in 2013. RM Monaco raked in more than $43 million in sales over the weekend.

Stunners turn out for San Marino Motor Classic

A splendid new concours debuted on the sprawling main lawn of Lacy Park in sunny San Marino, Calif., on June 12--the San Marino Motor Classic. Featuring nearly 200 classic cars of all eras--from a Brass Era 1909 Pierce-Arrow Touring to a 2011 Ferrari 599 GTO--there was depth and breadth enough to satisfy everyone. While modern Porsches, Ferraris and even hot rods and Cobras spread out on side lawns of the great park, the balance of the show--82 of 179 registered entries--were Classic Car Club of America (CCCA) Packards, Lincolns, Cadillacs and Rolls-Royces, scattered across the main lawn.