A new Ford Mustang Shelby GT500 is coming, and information on the car’s powertrain may have just been leaked. The Mustang flagship is due out next year and will be taking the fight to the likes of the Chevrolet Camaro ZL1 and Dodge Challenger SRT Hellcat.

Ferrari is working on a hardcore version of its 488 GTB. The car is the follow-up to the 458 Speciale and is expected to go by the name 488 GTO.

Tesla never launched a Model S wagon but a Dutch coachbuilder is developing the more practical option for the popular electric car. Unfortunately, just 20 examples are planned for production.

You'll find these stories and more in today's car news, right here at Motor Authority.