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Carroll Shelby's 2009 Mustang GT500 KR to go up for auction

The unseemly fight over Carroll Shelby's remains is thankfully over. His creations and legacy are due for a massive celebration in two weeks' time in Monterey. And Vicari Auto Auction has just announced the sale of one of his personal cars.

CAFE standards set to rise to 54.5 mpg for 2025

President Barack Obama on Friday revealed ambitious plans to raise the corporate average fuel economy standard for cars and light trucks to 54.5 mpg by the 2025 model year, a landmark move that will dramatically remake carmakers' product portfolios and consumers' buying habits. Unlike the first CAFE standards passed by Congress in 1975, the Detroit automakers now publicly support the high requirements and have begun retooling their fleets to adapt the changes. “[This] represents the single most important step we've ever taken as a nation to reduce our dependence on foreign oil,” Obama said in a morning press conference.

Next Aston Martin V8 Vantage takes Paris in video

Aston Martin added a short promo video to its YouTube channel on Thursday showing the facelifted 2012 Vantage V8 coupe. The least expensive Aston now bears a stronger resemblance to the recently upgraded Vantage S thanks to a new front fascia, new rear styling and redesigned side sills. Wider wheels and tires will be installed along with six-piston competition-derived brakes.