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The Boss is back: Iconic Ford Mustang reborn

WITH VIDEO--Soon to be thundering down an open road near you is the resurrected Ford Mustang Boss 302. Based on the 5.0-liter Mustang GT, the 2012 version of the muscle-car classic was revealed on Friday at Laguna Seca, where Parnelli Jones won the 1970 Trans-Am season opener in a Boss 302. The new Mustang builds on the iconic Bosses famous for their looks and performance in the late '60s and early '70s.

Toyota announces prices of the Prius V and Prius Plug-in hybrid

Toyota announced pricing of the new Prius V and Prius Plug-in on Friday. The new compact V wagon will carry an MSRP of $27,160, while the plug-in hybrid stickers at $32,760. Both include $760 in destination and handling, but only the plug-in is expected to qualify for the $2,500 government tax credit.

Crunch watch Apr 09: the auto industry in crisis

By Tim Pollard and Ben Pulman Motor Industry 30 April 2009 17:21 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Thursday 30 April 2009• It's official: president Barack Obama confirms this afternoon Chrysler will file for Chapter 11 bankruptcy protection as it strikes a patnership with Fiat (Automotive News, subscription required)• 'Over the past month, seemingly insurmountable obstacles have been overcome,' says Obama. 'Chrysler and Fiat have formed a partnership that has a strong chance of success' • Chrysler is filing for bankruptcy protection under Section 363(b) of Chapter 11 bankruptcy code – expected to last for 30-60 days (Detroit News)• Treasury to pay Chrysler $4.5 billion 'in exit financing'• Chrysler tipped to get new board of directors.