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SHO-down in Motown

“There are no egos in this club,” said Tom Ochal, owner of a pristine 1993 Taurus SHO. “The other guys might have a problem with aftermarket wheels or other-make parts, but not us.” That same sentiment was echoed throughout the parking lot at the 19th-annual Taurus SHO club convention at Ford World Headquarters in Dearborn, Mich., right before the crew took off to the Waterford Hills racetrack in nearby Clarkston. At least 100 cars SHO-ed up for the 2010 meet.

General Motors partners with battery supplier LG on electric vehicles

General Motors said Thursday that it is partnering with its battery cell supplier, LG Group, to develop electric vehicles. The agreement, signed Wednesday by GM CEO Dan Akerson and LG President Juno Cho, will “help GM expand the number and types of electric vehicles it makes and sells,” the automaker said in a statement. It's the second example this week of automakers looking for partners to help in developing more fuel-efficient cars, as U.S.

Saab sold to Spyker

General Motors' Saab division won't end up on the postbankruptcy scrap heap with Pontiac and Saturn. Just as Saab's death appeared imminent, the Swedish automaker was scooped up on Tuesday by Dutch supercar-maker Spyker Cars in a $74 million deal that has been in works for months. The deal is expected to close on Feb.