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First 2010 Shelby GT500, two Mustang concepts to be auctioned

Three future Mustang classics will be auctioned off at the seventh annual Barrett-Jackson event April 9-11 in Palm Beach, Fla. The headliner is the first retail 2010 Ford Shelby GT500. The other two ponies are concepts that debuted during the 2003 auto show season.

Tesla planning car to take on Nissan LEAF – and maybe sell out to Apple

Elon Musk is buoyed by the success of the Tesla S and the seemingly inexorable rise in Tesla’s stock which has allowed Tesla to repay its government loans way ahead of schedule. Now Musk has been getting adventurous in an interview with Bloomberg where he’s stated that the next plan for Tesla is to build a smaller, more affordable electric car that can take on the Nissan LEAF. Musk plans to stay in control of Tesla until plans for a news small EV are complete, and said: With the Model S, you have a compelling car that’s too expensive for most people.

First glimpse of the new Corvette ahead of NAIAS debut

The first video and teaser shots of the 2014 Chevrolet Corvette have emerged, offering just a glimpse of what we can expect when it is launched at the NAIAS in Detroit in January. The video shows desigers working on a clay model before we get a bit too much gratuitous racetrack footage. It's after this we can finally take a look at some detail shots.