Update: We finally made it to Washington D.C. We’re going to take a little break for now and will update you on our total fuel-economy, average speed and other things shortly. Stay tuned.

It’s July 4th and we have an all-American icon hanging out in our garage - that’s right - the 2010 Chevrolet Camaro SS that we’re going to be test-driving all week. We figured what better way to celebrate July 4th than to take a mini road-trip in the new 2010 Camaro to our nation’s Capital City - Washington, D.C.

We’ve filled up the tank, reseted our mpg reading and the distance until empty reads 254 miles. Washington, D.C. is about 3 hours and 32 minutes away from our home-base in New Jersey (a total of 200 miles or so). So what are we going to do for the next 3 hours and 32 minutes? We’re going to enjoy the great American highways and provide you live updates during our trip. My friend Mac (from PocketBerry.com) and I will be hitting the road very shortly.

You can follow all the updates via Twitter - but for those of you that hate the Twitter updates, I’ll be posting live updates here.

Join us here and ask us as many question as you want about the 2010 Chevrolet Camaro SS.

Happy Independence Day everyone.

Click through to view updates.

The next-generation Chevrolet Camaro Z28 won’t arrive until 2011 - some time after the convertible Camaro makes its debut. That will give the 2010 Ford Shelby GT500 some time to eat up some of the high-performance muscle car segment. However, if you can’t wait until ’some time after 2011,’ Hennessey is offering its HPE550 performance package for the Camaro that takes output up to 562-hp (the Camaro Z28 is rumored to get the 556-hp 6.2L LSA V8 supercharged engine from the Cadillac CTS-V).

The folks at Inside Line happened to have the new 2010 Shelby GT500 and Hennessey’s HPE550 on hand at the same time and decided to put the two high-performance muscle cars head-to-head.

You can check out a video of their test after the jump.

Last month, we heard reports that Nissan is working on a special-edition yellow Nurburgring edition 370Z. Turns out that Nissan 370Z Yellow has nothing to do with the Nurburgring and everything to do with the European GT4 series.

Along with an Ultimate Yellow paint job, the 370Z gets design cues inspired by the European GT4 series (we don’t see them either), 19-inch RAYS forged alloys and along the flanks - special 370Z graphics. There have been no power upgrades to the 330-hp V6 engine allowing the 370Z to get from 0 to 62 in 5.3 seconds.

Sales begin in September with prices ranging from £31,650 ($51,724 USD) for the manual model and £33,050 ($54,012 USD) for the automatic.

Make the jump for the press release and the high-res image gallery.

2010 Nissan 370Z Yellow Edition:

As you already know by now, we took delivery of the 2010 Chevrolet Camaro SS yesterday. We’ve been out test-driving and having fun in it and it is now time to provide you with some updates along with some random findings we’ve come across on the Internet.

2010 Chevrolet Camaro SS: Unfortunately, the 2010 Camaro SS we took delivery of yesterday is an automatic. As enthusiasts, we prefer a manual transmission; nonetheless, we’re getting pretty used to the paddle-shifting that is offered with the automatic transmission. To answer some questions we’ve received from you guys so far:

Pat: Can you tell us the number of people that have come up to you to check it out?

As far as we can remember, we’ve had at least 12 people ask us questions. One man even asked us to pull over and take a look on the inside.

Ivan Gutierrez: No love for the Mustang GT?

As of right now we’re at an all time 2010 Chevrolet Camaro SS high. Our review for the 2010 Ford Mustang GT is coming up on Monday - stay tuned (maybe even tomorrow).

RT: really want to know how it makes u feel driving it? I don’t care much about handling since its not meant to be driven that way, but is it a rewarding car when u put ur foot down, is it memorable, special?

You almost feel like Sam Witwicky driving the 2010 Camaro. It feels totally amazing driving the car; not to mention handling is very much on par with European performance cars. Putting your foot down and feeling the 426-hp push you back is one of the best feelings about this car.

On a side note: We noticed today that the hood vent on the 2010 Chevrolet Camaro is totally cosmetic and serves no purpose on cooling the engine.

The last time the Chevrolet Camaro outsold the Ford Mustang for a full year was in 1985. Well, history may repeat itself this year. The 2010 Chevrolet Camaro outsold the new 2010 Ford Mustang in June 2009 9,320 to 7,362. The last time the Camaro outsold the Mustang in a monthly sales race was October 1993 - during when Chevy sold 10,985 Camaros and Ford sold only 5,680 Mustangs.

GM’s vice president of sales, service and marketing Mark LeNeve, said that nearly every 2010 Camaro sale in June was retail and that the figure was nearly double the number GM expected. LeNeve said that the new Camaro sold the best in California and that GM only has a six-day supply left of the model, reports Automotive News.

Dealers have reported selling the 2010 Camaro right of the delivery truck with some customers paying as much as $500 over the sticker price.

On a side note: We will be picking up the 2010 Chevrolet Camaro SS for 10 days later today. Stay tuned for live updates and coverage everyday of the week.

2010 Chevrolet Camaro SS:

Subaru announced today that its 2010 all-wheel-drive Subaru Outback gets an EPA rated fuel-economy of up to 24 mpg combined and 29 mpg on the highway. Those numbers apply to the Subaru Outback 2.5i CVT, which carries a starting price tag of $23,995.

The 2010 Subaru Outback 3.6R with a 5-speed automatic starts at $27,995 and carries a 256-hp 3.6L 6-cylinder Boxer engine. Fuel-economy if the 2010 Outback 3.6R is rated at 20 mpg combined.

Follow the jump for the press release.

2010 Subaru Outback:

BMW announced today that it will begin offering xDrive all-wheel-drive versions of the 750i and 750Li later this fall. Combined with the previously announced 760Li, the 7-Series now features five variants for the 2010 model year.

BMW says that its xDrive all-wheel-drive system has been upgraded for the 2010 BMW 75oi xDrive and the 750Li xDrive.

“BMW’s Integrated Chassis Management, using the remarkable speed of its FlexRay on-board network and the quick-responding xDrive hardware, is able to identify and limit understeer by shifting torque rearward (up to 80% to the rear axle) while preserving the stability for which xDrive has been so widely recognized.”

Read the press release after the jump for more details.

Valentino Balboni, a man who started his journey at Lamborghini as a mechanic apprentice, was personally asked by the founder of the Italian automaker to test drive new Lamborghini models. Balboni, who has reportedly driven 80 percent of all Lamborghinis ever built, now has his own model bearing his name - the new Lamborghini Gallardo LP 550-2 Valentino Balboni.

Ditching the all-wheel-drive system, the new Lamborghini Gallardo LP 550-2 sends 550-hp to the rear wheels. 0 to 62 mph comes in just 3.9 seconds with top speed limited at 199 mph.

To ensure exclusivity of the Gallardo LP 550-2 Valentino Balboni model, Lamborghini will produce a limited 250 units with prices starting at $219,800 in the United States.

Click through for the press release and the high-res image gallery.

Lamborghini Gallardo LP 550-2 Valentino Balboni:

Honda’s new 2010 Insight hybrid-only model has been going head-to-head with the 2010 Toyota Prius for some time now. However, the latest review of the hybrid by the influential Consumer Reports magazine is sure to disappoint the executives in Japan.

Reviewed by David Champion, Consumer Reports said that the “Insight is the most disappointing Honda Consumer Reports has tested in a long time. Champion went on to say that the “Insight is a noisy, stiff-riding car with clumsy handling that is nothing like the Fit on which it is based. Also, Electronic Stability Control is only available on the highline EX version.”

The 2010 Honda Insight scored 54 out of a possible 100 points by Consumer Reports tests. The only car that ranks worse was the Dodge Caliber, which scored 49.

Consumer Reports recorded an average fuel-economy of 38 mpg in its tests, which compares “commendably” to the EPA-rated fuel-economy of 41 mpg.

Someone else by the name of Jeremy Clarkson once called the Insight “biblically terrible.”

Click through to read more in the press release posted after the jump.

2010 Honda Insight Hybrid:

It’s really no secret that Hyundai is studying the large-luxury-sedan market in North America very closely in order to bring its Equus over the United States. The Hyundai Equus made its first U.S. debut at the 2009 New York Auto Show earlier this year. The Korean automaker later confirmed that 100 units of the Equus will make it to U.S. dealerships this summer to “quietly gauge what American customers think about the model.” Alex Krafcik, Hyundai Motor America CEO John Krafcik’s son, later posted photos of a black Equus on Flickr (with or without his fathers permission).

An insider has now confirmed that Hyundai is planning on bringing the Equus to the U.S. in July 2010. The sources said that the model will compete with the Lexus LS 460 and will be priced under $60,000.

The Hyundai Equus, the largest sedan build by the company, is based on the rear-wheel-drive platform from the Genesis sedan. Sources that the Equus will come to the U.S. with V8 engines choices only. The 2010 Equus VS460 that made its debut in New York was powered by a 366-hp 4.6L Tau V8 mated to ZF 6-speed automatic transmission.

2010 Hyundai Equus hangs out in the United States: