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Cobra Venom V8 concept

Created by UK-based designer Jamie Martin, the Cobra Venom V8 concept is heralded as the true spiritual successor to the classic AC/Shelby Cobra. It celebrates the great Anglo-American partnership that produced one of the most iconic racing cars of the last century. Built atop a lightweight extruded aluminium chassis, the Cobra Venom V8 features carbon-fiber body panels and an F1-style alloy 'protective cocoon'.

General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.

Chevrolet reveals more details of Camaro ZL1

The 2012 Chevrolet Camaro ZL1 will not be anywhere near as rare as its 1969 namesake when it arrives during the first quarter of next year, but the most powerful production Camaro to date should deliver performance easily worthy of its model designation. Camaro engineers on Thursday offered media members a preview of the upcoming Ford Mustang Shelby GT500 fighter, and the tale of the tape is impressive, especially in terms of grunt. The 6.2-liter supercharged LSA V8 will make 580 hp at 6,000 rpm and 556 lb-ft of torque at 4,200 rpm, besting Chevy's original targets for the engine's output and bettering its efficiency in the Cadillac CTS-V by 24 hp and 5 lb-ft.