Volvo today revealed a new race car based on its S60 sedan. Powered by a 650-horsepower V-8 engine, the new race car will compete in the Australian touring car series V8 Supercars.

Chevrolet’s new supercharged Corvette Z06 is one impressive ride, but Hennessey’s new twin-turbocharged Corvette Stingray is on a completely different level of performance.

Lexus is set to unveil a new GT3-spec race car based on its RC F. The reveal will coincide with an announcement of the Japanese brand’s intention to compete in the international GT3 circuit.

You'll find all of this and more in today's car news headlines from around the High Gear Media network, right here at Motor Authority.

Volvo And Polestar Reveal S60 Race Car For V8 Supercars: Video

Twin Turbo Hennessey HPE700 Corvette Stingray: Photos

Lexus RC F GT3 Concept Headed To Geneva Motor Show

Awesome Parking Ticket Prank Could Brighten Your Day: Video

2014 Bentley Continental GT V8 S First Drive

Will We Reach 'Peak Cars' Within Our Lifetime?

Move Over Aventador, McLaren’s P1 Is The New King Of Flames: Video

Massive Recall: Toyota Prius, Toyota RAV4, Toyota Tacoma, Lexus RX 350

Front-Wheel Drive Drag Car Blows Tire, Self-Destructs On Dyno

Honda Film: Controlling Air Pollution A 'Never-Ending Race'


Follow Motor Authority on Facebook, Twitter, and Google+.