Look into GMI/Kettering's ME-Auto program. It is a little more theoretical and a little less practical than what you are describing, but you can always get involved with one of the SAE project cars they have going. Some classes include Engine Design, Vehicle Design Project, Chassis Design. And, co-op gives you all the hands on you'll ever need if you get a good sponsor job. I know guys that worked at GM and Chrsler's Proving Grounds. They love ME Hot Rod students there.
Of course, this assumes you don't mind living in Flint fot half the year.
