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Mini Paceman

Mini has presented its latest model, the Paceman, as it ventures into a new vehicle class. Appearing – almost to the millimeter, bar colour and trim detailing – to be the Paceman concept seen at NAIAS 2011 in Detroit, the Paceman Sports Activity Coupe features many traditional Mini design cues. Where it moves away from them, it is in keeping the new-style squared off front lamps of the Countryman (with which it shares a front end up to the base of the windscreen) and a roofline which tapers down much more than we've seen in any previous ‘new' Mini before.

Jeep adds Rocky Mountain models to lineup

On top of cash-back incentives and employee-pricing programs, Jeep is implementing another value play to lift sales with the introduction of Rocky Mountain Edition versions of the Patriot, the Liberty and the Grand Cherokee. Included in the Rocky Mountain Edition are a sunroof, a 30-gigabyte UConnect stereo interface, a Boston Acoustics sound system, exclusive wheel finishes and Rocky Mountain Edition badges. According to Jeep, that's $2,300 worth of options at the discounted price of $1,595 if you check off the Rocky Mountain package on the order sheet.

Anniversary-edition Shelby Cobra sells out within 48 hours of its debut

All 50 copies of the 50th Anniversary Shelby Cobra Street Car sold out within 48 hours of its official introduction, Shelby American said on Monday. The car was unveiled during the Barrett-Jackson Auction on Jan. 21 in Scottsdale, Ariz.