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Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Range Rover Sport (2014) [w/Gallery]

This is the new, second-generation Range Rover Sport, unveiled at the New York Auto Show. While the first Sport – introduced in 2005 – was a tentative toe in the water for a second Range Rover model line, this new model forms the center of a three-model range, between Evoque and full-fat Range. At 4,850mm long it's 62mm longer than the car it replaces but 149mm shorter than the new Range Rover, while its wheelbase has grown by 178mm to increase rear access – particularly important as there's now the provision of a pair of occasional seats in a third row.

First Ferrari F12 in U.S. goes for $1.125 million

The first Ferrari F12 Berlinetta in the United States was sold on Saturday at the Formula 1 U.S. Grand Prix in Austin, Texas for $1.125 million. The auction benefited Hurricane Sandy victims.