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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.

Petrol prices expected to plunge

PETROL PRICES at the pumps could plunge by almost 4p over the next two weeks, the RAC predicted today. But the reduction, and a forecast 2p dip in diesel, will only happen if other retailers follow the supermarkets' lead in dropping prices, the RAC added. It said that the wholesale price of petrol had now reached its lowest price since the beginning of December 2012.

Honda future products: Civic relaunch precedes new CR-V, Accord

The next year is huge for Honda and it begins with a do-over--the fall relaunch of the redesigned Civic that was derailed by the March earthquake. A new CR-V arrives this winter and a redesigned Accord, which will be slightly smaller than the current model, follows next spring. Those three products represent about 70 percent of the brand's U.S.