Shelby American celebrates the GT350's anniversary with a modern Mustang

Shelby American is marking the 45th anniversary of the legendary Shelby GT350 Mustang with a new version, designed for Ford's new 5.0-liter V8 in the 2011 Mustang. For those willing to plunk down $33,995--plus the cost of a new Mustang--the team at Shelby American in Las Vegas will crank out a modernized GT350. On the outside, that calls for white paint with the blue racing stripes down the center of the hood, roof and deck.

2014 Chevrolet Spark EV rated at 119 mpg

General Motors says its Chevrolet Spark EV will get the equivalent of 119 mpg in combined city and highway driving, the best efficiency of any U.S. car sold to retail buyers. The 2014 Spark EV, which will be launched this summer in California and Oregon, will have an EPA-rated range of 82 miles when fully charged, GM said in a statement.

BMW M3 Competition Package – UK details

BMW has announced the Competition Package for the M3 We’ve had something of a run of updates and tweaks for the BMW 3 series this year. We’ve had changes for 2010 to the 3 Series Coupe and Convertible and last month we reported that there was going to be a BMW M3 Competition Package on offer very soon. BMW has now caught up with our story and have revealed the details of the M3 Competition Package for the UK.