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Iacocca shows off his custom 45th-anniversary Mustang

The man behind the original Mustang--Lee Iacocca--is back with a custom-built 2009 version that celebrates 45 years of the iconic pony car. Iacocca unveiled a sleek, performance 'Stang named after himself, the Iacocca Silver 45th Anniversary Edition. It's available through Galpin Ford in Southern California and will be limited to 45 copies.

Call for stronger penalties for texting drivers

DRIVERS convicted of causing death by dangerous driving should be given stronger and more consistent penalties, according to road safety charity the Institute of Advanced Motorists has said. An IAM analysis of eleven recent prosecutions involving mobile and smartphone use revealed that the average sentence for causing death by dangerous driving is four-and-a-half years in prison and a disqualification from driving for seven years. In all of the cases analysed, the convicted drivers were found to have lost their concentration due to using their mobile phone.

General Motors draws on global designers for the new Chevrolet Corvette

For the first time, General Motors studios across the world have submitted design studies for the next-generation Chevrolet Corvette. Late last year, Ed Welburn, GM's vice president of global design, invited GM's 10 styling studios to submit design proposals. Some "were absolutely phenomenal," Welburn said.