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Shelby American adds SCCA-ready version to the GT350 Mustang mix

Enthusiasts who want to take the new GT350 Mustang racing in Sports Car Club of America events are getting some help from Shelby American. The Las Vegas-based company, which upfits the 2011 Ford Mustang GT to create the GT350 Mustang, will add a normally aspirated version to the lineup. When Shelby American first announced the GT350 program in January, it centered on a supercharged version of Ford's new 5.0-liter V8 that would make about 500 hp.

Toyota smashes electric car lap record at Nurburgring

Toyota has set a new electric car record at the Nurburgring – with a silent but speedy 7min 47.794sec lap of the Nordschleife. You can watch the record lap in our video above. Ring specialist Jochen Krumbach was at the wheel of the Toyota Motorsport EV P001 racer, obliterating Peugeot's previous 9min 1.338sec record in the EX1 concept car.

Eterniti Motors readies two SUVs and a sports car

New British car brand Eterniti Motors is steaming ahead with its plan to launch the Hemera - a new Cayenne-based SUV due in 2012 - and there are two other projects waiting in the wings, including a dramatic sports car. The first project for the London-based company is taking Porsche's Cayenne Turbo S and reconfiguring it with exotic new materials, a fresh wardrobe and a stretched cabin to free up more cabin space. Eterniti has also issued sketches of this supercar, but won't reveal yet the donor vehicle.