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Ford unveils Mustang 50th anniversary logo

Ford is gearing up for a year-long celebration of the 50th anniversary of the Mustang in 2014, and revealed a logo Tuesday to be used on fan merchandise. The anniversary logo uses the traditional galloping pony in silhouette, placed above the words “50 years.” Ford designer Michael Thompson is credited with creating the anniversary logo. The logo will either be white on a black background or black on white, Ford says.

Jaguar E-Type is 'most-wanted' classic car

THE ICONIC Jaguar E-type is the most desirable classic car for drivers in the UK. The British sports car topped a poll of great cars we’d most like to have in our garages. Reasons for the E-Type Roadster being most popular were as diverse as its curvaceous lines to the sound of the exhaust when driving on a country road.

Koenigsegg backs out of deal to buy Saab

Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.