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News watch November 2012: today's auto industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Friday 30 November 2012• Europe's trade ministers are looking at a free-trade pact with Japan, despite resistance from EU car manufacturers. Currently Japanese cars attract a 10% tariff upon import to Europe.

Ford Taurus SHO-stopper in Chicago?

The new Ford Taurus SHO is shaping up to be a sleeper. Spy shooters have caught what appears to be the performance version of the new Ford flagship--and it looks almost exactly the same as the regular car. There's a SHO badge on the back--which is stickered over--and uh, nothing else.

Saab's future could be bright

Saab is planning a return to its old-brand values with an extended model range as it prepares for a new, independent future owned by a joint U.S.-Scandinavian investment team. Swedish supercar maker Koenigsegg grabbed headlines as the buyer from General Motors, but Koenigsegg is just one of at least three major investors. The others are West Coast entrepreneur Mark Bishop and Norwegian holding company Eker Group.