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There's a 2015 Ford Mustang convertible on the way, too

Almost immediately after the Ford Mustang debuted, buyers could choose from three body styles -- a hardtop, a rag-top convertible and a fastback (which actually came out a few months later than the hardtop and convertible). We already knew that the 2015 Mustang will arrive as a fastback (sorry, notchback partisans), but Ford has just announced that a drop-top version is also in the works. Pictures of the convertible sport a shiny "5.0" badge on the side and and chrome "GT" badge on the back, but we assume all the standard engines -- the 5.0-liter V8, 3.7-liter V6 and that new 2.3-liter EcoBoost turbo-four -- will be offered.

U.S. will guarantee GM, Chrysler warranties, Obama says

In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on Monday. "Let me say this as plainly as I can. If you buy a car from Chrysler or General Motors, you will be able to get your car serviced and repaired just like always," Obama said in a speech.

Porsche Panamera to receive long-wheelbase treatment for 2012

Porsche is developing a long-wheelbase version of the Panamera in a bid to satisfy demand for greater rear-seat legroom from customers in North American and China. Details remain sketchy, but insiders at the company's research and development center in Germany have indicated to AutoWeek that the 115-inch wheelbase of today's Panamera will be extended by almost five inches, taking it up to nearly 120 inches. By comparison, the long-wheelbase version of the Mercedes-Benz S-class boasts a 124-inch wheelbase.