Auto News: 2011 Ford Mustang GT and 5.0-liter V8 unwrapped early

2011 Ford Mustang GT – Click above for gallery of images

Thanks to whatever embargo breaking that's already occurred, we've known for a hebdomad that the 2011 author Mustang GT would arrange a brand newborn 5.0-liter V8 producing 412 horsepower and 390 pound-feet of torque. We thought those tidbits might hold over the internet 'till the authorised embargo date lifts primeval next week, but we were criminal and therefore are ease awake at 1:30 AM on Christmas morning writing this post. Thanks to Jalopnik via MustangHeaven via BurlappCars, we have the first images of the 2011 Mustang GT and its newborn 5.0-liter V8.

You can feature more about whatever of the engine's info that have already leaked here, but let's meet verify a look see at what we've got. Kudos to author for leaving the engine's tippy top unadorned and we also dig those 5.0 badges on the engine and fenders. Nostalgia FTW – OMG! An old fat man with a profit of stuff meet crawled out of my fire place! I think he's a burglar. Gotta go hide the silver, Merry Christmas!

Link Relevant : Best Performance Auto

Ford Makes Parallel Parking Easier for 2010 Lincoln MKT and MKS Owners

Ford has announced its new "active park assist" system that is optional on the 2010 Lincoln MKS sedan and the new Lincoln MKT crossover.

With the touch of a button the Active Park Assist system uses an ultrasonic-based sensing system and Electric Power Assisted Steering (EPAS) to parallel park the vehicle without any assistance from the driver. There are sensors on the front and rear of the vehicle to help the system guide the vehicle into the driver's desired parking spot. Ford claims that its system is better than what is offered by Lexus since it requires less driver interface.

The Active Park Assist system will be available in mid-2009 on the Lincoln MKT and MKS. Ford hasn't stated what vehicles are next in line for the technology. Instead only mentioning that the system will be on 90 percent of Ford, Mercury and Lincoln vehicles by 2012.

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GM, Ford Fight To Keep Government Bailouts, Say Detroit Is Not Wall Street

Earlier this month, mortgage lending giants Fannie Mae and Freddie Mac, which collectively own or guarantee roughly $5 trillion in mortgages, were seized by the U.S. government to prevent an even more catastrophic housing industry collapse. Last week, when global investment firm Lehman Brothers began to go belly up, the federal government wasn’t nearly as charitable and on Monday, Lehman Brothers headed into bankruptcy. Watching the events unfold from Detroit, GM, Ford, and Chrysler have begun to get nervous.

With the failure of Lehman Brothers, some auto industry analysts fear the government has drawn a line on federal intervention, just when the Detroit 3 need it most. Getting proactive, teams of lobbyists and executives representing the biggest auto manufacturers have begun to flood Washington, hoping to remind them that Detroit is not Wall Street. “[It's] a very separable issue,” said Ford. Still, lawmakers are approaching the loan requests with caution, and the foot dragging is yielding to frustration. According to Auto News, GM CEO Rick Wagoner was quoted explaining to the press, “The financial markets have worsened so much since the energy security act was passed last year, that providing the loans would seem to be the appropriate and fair thing to do right now.”

Other accounts report that auto makers are cautiously optimistic that they’ll receive the bailouts they need, and as of right now, no one is planning on shutting their doors. Said Wagoner, “I can’t really say at this point that I’ve seen specific ramifications from yesterday’s actions [referring to the Lehman Brothers failure], but we have to watch that closely.”

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