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Ford Mustang 50 Year Limited Edition premieres at New York auto show

Ford launched the Mustang 50 years ago this week at the New York World's Fair. To celebrate the iconic pony car's birthday, Ford will be revealing a 2015 Mustang 50 Year Limited Edition, just 1,964 examples of which will be built. The limited edition model premieres at New York auto show this week, and will go on sale this fall.

AMG Action! Mercedes eyes new naturally aspirated V8

Mercedes-Benz has selected the twin turbocharged 5.5-liter V8 engine to power the recently unveiled S63 AMG, CL63 AMG and CLS63 AMG, with ratings between 525 hp and 577 hp. But it's going to be a different story for the successor to the SLK55 AMG set to be revealed at next year's Frankfurt motor show. Sources within the Stuttgart headquarters suggest the new performance roadster is earmarked to receive a yet-to-be revealed naturally aspirated version of Mercedes-Benz's new 5.5-liter V8.

Overseas embassies in London refuse to pay £77m on Congestion Charge

ALESSIA PIERDOMENICO, Newscom, RTR More than £75 million in Congestion Charge fees is owed by London’s foreign embassy staff who refuse to pay it. The staggering figure is revealed in a report which names and shames 71 countries which have each racked up debts of more than £100,000 since the scheme launched in February 2003. According to figures compiled by Transport for London (TfL) and seen by MSN Cars, the total amount outstanding from them – up to 14 January 2014 – is a whopping £76.9 million.