American tuner Shelby has released its first concept in a decade. It's a wide-bodied, 750-horsepower version of the Super Snake built to explore the Ford Mustang's handling capacity. It's still a concept, but it will spawn a production model before the end of the year.
Skip Barber Racing School -- one of the best-known racing schools in the country -- has filed for Chapter 11 bankruptcy in a New York court. The company's liabilities are estimated at between $10 and $50 million.
Jaguar is allegedly building a hotter, 550-horsepower version of the XE aimed right at the BMW M3 and the Mercedes-AMG C63. Powered by a supercharged V8, the model might make its debut this fall at the Frankfurt Auto Show.
Uber has admitted it accidentally underpaid drivers in New York City for two and a half years by calculating its commission before taxes and fees were factored in. The company might need to pay back at least $45 million, according to Reuters, which represents about $900 per driver.
Volvo parent company Geely has agreed to purchase a 49.9 percent stake in Proton, the Malaysian automaker that owns Lotus. The company also bought 51 percent of Lotus. "We aim to unleash the full potential of Lotus Cars and bring it into a new phase of development, thanks to our experience accumulated through Volvo Cars' revitalization," said Geely CFO Daniel Donghui Li in a statement. http://bit.ly/2rOUd3g
In the US, tech giants such as Apple and Google are trusted more than automakers to build autonomous vehicles, according to an Inrix study. http://bit.ly/2reB264