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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.

Daihatsu D-X

Previews of new models to be unveiled at December's Tokyo Auto Show are now coming thick and fast. The latest additions to the list come from Daihatsu who will launch three new concepts under the slogan of ‘Big Answer from Small' at the show. The first of these is the D-X or ‘D-Cross'.

Jaguar's E-Type sculpture unveiled at Goodwood

As is tradition at the Goodwood Festival of Speed, organizer, Lord March has commissioned a dazzling art piece to dominate the skyline above this year's event. Two years ago, Audi showcased a 1937 Auto Union Streamliner and a R8 V10 as part of its display, whilst last year Alfa Romeo displayed an 8C honouring the brand's centenary. This year it's Jaguar's turn to that take pride of place in front of Goodwood house.