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Vauxhall and Opel 'not for sale' - CEO Akerson

GM chief executive Dan Akerson has overnight dismissed claims that its Vauxhall/Opel European division is for sale. CAR's European editor Georg Kacher, and media outlets in Germany, reported last month that German chancellor Angela Merkel had weighed in to the debate and encouraged Volkswagen to step in and take GM Europe off GM's hands. Vauxhall and Opel have also been linked to a possible sale to the Chinese.

Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.