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Ford salutes Carroll Shelby with 850-hp GT500 Cobra

The “friends of Carroll Shelby” are saluting the late automotive pioneer with a remarkable, one-off 850-hp GT500 Cobra that was revealed Friday at the Monterey Motorsports Reunion. Ford Motor Co., Shelby American, Ford Racing and others collaborated on the omnipotent machine, styled in the blue and white colors of the legendary Cobras of the 1960s. It gets a wide body kit, high-performance 13-inch-wide rear wheels and a 4.0-liter Ford Racing supercharger that lifts output from the GT500's usual level of 662 hp.

Ferrari 458 Speciale (2013) at Frankfurt motor show

More power and pace, less weight and extra helpings of oversteer – here comes the Ferrari 458 Speciale. Regular customers will be reaching for their bank cards and road testers will be jockeying for a test drive of the extreme 458, because Ferrari has taken the most thrilling mid-engined car on the planet and turned the volume up to 11. The 458 Speciale follows in the smokin’ tyre tracks of the 360 Challenge Stradale and 430 Scuderia, in being the maximum attack version of Ferrari’s current mid-engined V8 berlinetta.

Chevrolet Volt fire probe is closed, NHTSA says

U.S. safety regulators said Friday that they've closed an eight-week investigation into the Chevrolet Volt, concluding that the plug-in hybrid's battery doesn't pose a significant fire risk following a crash. In a statement, the National Highway Traffic Safety Administration said it "does not believe that Chevy Volts or other electric vehicles pose a greater risk of fire than gasoline-powered vehicles." The agency said that modifications intended to reinforce the Volt's 435-pound lithium-ion battery pack that General Motors announced on Jan.