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Hyundai makes the 2013 Santa Fe a sexy, stormy beast

Hyundai in Holland has produced an advert for the 2013 Sante Fe concentrating on its ability to blow women away. The new Santa Fe is a big step up from the old model and looks good, will be properly bolted together and promises to be a more than a half decent offering from Hyundai. But the new Santa Fe isn’t just heading in to Hyundai UK showrooms, it’s going on sale across Europe.

Norwegian EV maker Think files for bankruptcy

Tiny electric car maker Think Global AS filed for bankruptcy today in its home market of Norway after attempts to keep the company going through recapitalization and restructuring failed, the company said in a statement. It is the fourth time Think has collapsed financially in its 20-year history. "We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough," Think spokesman James Andrew told Automotive News Europe.

Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.