1955 Oldsmobile 88 2d H/t R Quarter Glass on 2040-parts.com

GM to build electric motors in-house

General Motors will develop and build electric motors for a rear-wheel-drive hybrid to launch in 2013. GM claims to be the first major U.S. automaker to produce electric motors in-house and says it is investing $246 million in the project.

Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.

Armor-plated SUV among extravagant debuts at Top Marques Monaco show

While AutoWeek editors were pounding the pavement at the New York auto show last week, the world's silly rich were nodding polite approval at the Top Marques Monaco show. Included in the debuts were Gemballa, Fisker, Keating, Tirrito and Conquest, the latter of which showed off a ridiculously large, armor-plated SUV called the Knight XV that reportedly took organizers three hours just to maneuver it through the hall doors. Lest we forget that we're all human, Top Marques Monaco also had its “Black Friday at Wal-Mart” moments: According to organizers, Gemballa's world premiere of the Tornado was cut short after it was purchased “within 16 seconds of the show doors opening by a sheikh eager to have a piece of the action.” Full wrap-up release from Top Marques Monaco below.