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Leno recalls '90s showdown with Tim Allen and his mullet

Not many of us have buddies with garages full of classic cars, but that isn't the case for Jay Leno and Tim Allen. Of course, one of the advantages for two guys with such vast collections is occasionally getting to pit their cars against each other. The two comedians did just that in the mid-'90s with a burnout battle on The Tonight Show between Allen in a race-prepped Mustang and Leno in a drag racer. After some time away from regular television, Leno is returning to the airwaves with a Jay Leno's Garage series premiering on Oct. 7 (tonight) at 10:00 p.m. ET on CNBC. Let this clip serve as another taste of what to expect for the new TV show's mix of comedy and cars. After reminiscing about the old days in a gorgeous garage, the comedians get into two modern machines to reprise the classic challenge – after a little trash talk anyway. Don't worry because the YouTube series isn't going anywhere, though.

2016 Ford Shelby GT350 Mustang rated at 526 hp, 429 lb-ft

When Ford debuted the Shelby GT350 Mustang at the LA Auto Show last year, we were told it'd have more than 500 horsepower and over 400 pound-feet of torque. And indeed it does; Ford confirmed today that its hot 'Stang will make 526 hp at 7,500 rpm and 429 lb-ft at 4,750 rpm. Compared to the GT350's main rival, the Chevy Camaro Z/28, that's an increase of 21 hp, but a loss of 52 lb-ft. That said, this Mustang packs some serious prowess, especially in its most hardcore GT350R trim. It sounds pretty wicked, too. It's worth noting that both the standard GT350 and GT350R use the same engine, with the same output ratings. It's also worth noting that this is a flat-plane-crank engine. It's the most powerful naturally aspirated engine Ford has ever made, with 102 hp per liter. Redline is 8,250 rpm. It's a lightweight engine, too – the 5.2-liter mill weighs less than Ford's own 5.0-liter Coyote V8. Perhaps most impressive is the price point for the 2016 Shelby GT350. The standard car comes in at $47,870, while the GT350R will command $61,370 – a big drop over the Camaro Z/28 and it's $73,300 sticker price (including destination but not gas guzzler charges). Ford confirmed the power output news at a media briefing today near its headquarters in Dearborn, MI. Stay tuned for more information as it becomes available. Related Video:

2015 will be the biggest year ever for cars at CES

Like the SEMA Show, major automakers are paying increasing attention to the CES, with 2015 expected to be one of the most auto focused yet. Ford, Volkswagen, Toyota, General Motors, Hyundai, Mazda, Audi, BMW and Fiat Chrysler Automobiles will all be in attendance when CES 2015 kicks off next week, taking up a record-breaking 165,000 square feet of space at the Las Vegas Convention Center. "We've come a long way from a single car on a carpet," Ford's Alan Hall told Bloomberg. Unlike SEMA, or a more traditional auto show, like the upcoming festivities in Detroit, CES doesn't necessarily focus on entire cars or the way they perform, but on the way our technology will interact with vehicles, and in how those vehicles will deliver information to drivers. "CES has become a major launch point for a lot of the big automakers," IHS tech analyst Mark Boyadjis told Bloomberg. "CES is a way for them to get on a global stage for technology." As for what kind of wares automakers will trot out in Las Vegas, we already know that BMW will show off an autonomous i3 electric car that can navigate its way through a multistory car park and can be hailed via a smartwatch app. According to Bloomberg, Hyundai will show off its own smartwatch app for the Genesis sedan, while Audi and Mercedes-Benz will show off autonomous vehicles next week. Automakers won't be the only companies looking to capitalize on CES. Tech firms, like chipmaker Nvidia, are becoming increasingly involved in the automotive game and will be in town showing their wares off to OEMs. "Two years ago, our booth would have been filled with PCs and people playing video games," Danny Shapiro, Nvidia's senior director for automotive business, told Bloomberg. "This year we made a strategic decision to shift the focus of the booth on automotive and de-prioritize some of the other things." Needless to say, you can expect to see a lot of news out of Las Vegas come next week. Stay tuned. News Source: BloombergImage Credit: Julie Jacobson / AP CES Audi BMW Chrysler Fiat Ford GM Hyundai Mazda Toyota Volkswagen Technology CES 2015