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Red Tails Mustang joins auction at AirVenture Oshkosh

Ford has produced a one-off Red Tails edition of the 2013 Ford Mustang GT for an auction at the Gathering of Eagles charity event on July 26. The event will take place during the Experimental Aircraft Association (EAA) AirVenture Oshkosh 2012 at Wittman Regional Airport in Oshkosh, Wis. Proceeds will benefit the Young Eagles program, which provides free introductory flights for young people.

Saab's finance struggle: the latest news

Time appears to be running out for Saab, which hasn't built a single car since 1 April. And the hunt for new investors intensified this week as a deal worth more than £100 million with a Chinese partner collapsed.   Trollhattan factory has been idle since 1 April, halted by cashflow issues which saw suppliers withold parts in response to unpaid bills.

GM to double size of battery lab

General Motors says it will spend $8 million to double the size of its Global Battery Systems Lab, which the company claims is the largest and most technologically advanced automotive battery lab in the United States. GM says the expansion will speed up the development of hybrid and electric vehicles, such as the upcoming Chevrolet Volt, by improving on-site testing of battery cells and systems. When finished, the lab will be 30,000 square feet bigger than it is now, for a 63,000-square-foot total.