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2013 Ford Escape can tow 3,500 pounds with EcoBoost engine

The 2013 Ford Escape, which we saw at the Detroit auto show in January, will have a towing capacity of 3,500 pounds when equipped with the 2.0-liter EcoBoost engine, Ford said on Wednesday. That number easily bests four-cylinder-equipped competitors such as the Volkswagen Tiguan, the Kia Sportage and the Acura RDX. Ford says the new engine will make enough power to pull two jet skis down to the lake with a trailer, or to drag a snowmobile to the frozen tundra.

SEMA ups scholarship money for car-crazed college kids

The Specialty Equipment Market Association, better known to most of us as SEMA, has announced a hefty boost to its SEMA Memorial Scholarship Fund for 2013: The top student selected now gets $1,000 more for a total of $5,000 toward an automotive-related college education. Other eligible participants in four-year programs get $3,000—last year, they only received $2,000—and two-year students get their funds doubled to $2,000. In the Buckeye State, one lucky student at the Ohio Technical College will get complete tuition coverage, which is a cool $29,400.

General Motors spending $131 million to upgrade Corvette plant

General Motors is spending $131 million on its Bowling Green, Ky., assembly plant to prepare it to build the next-generation Corvette. The plant will spend the money on manufacturing equipment, specialized tooling and plant updates, said Mark Reuss, GM's president of North America. The plant will add about 250 jobs, which will boost its workforce by about 50 percent, to about 750 workers.