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David Brown Automotive Speedback sports classic looks, modern performance

A new 510-hp, V8-powered British sports car has broken cover in London, boasting classically inspired styling, a hand-built aluminum body, crafted interior trim and a $400,000 price tag, Created by a new company, David Brown Automotive, the Speedback is a prototype built on a Jaguar XKR platform with the aim of delivering a “vision of a classic-looking sports car without compromising modern convenience and features.” Drive comes from the XKR's supercharged 5.0-liter V8, unmodified and boasting 510 hp and 461 lb-ft, mated to a six-speed ZF automatic transmission. The 3,968 lb. curb weight is very similar to that of the donor car, so performance and economy figures are also similar: 0-60 mph in 4.6 seconds and a top speed limited to 155 mph.

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.

Insurers urged to show old premiums

CAMPAIGNERS are urging insurers to show last year's premium alongside any renewal quote they give to prompt people to shop around more for a better deal. Research by Which? found that nearly nine out of 10 (85%) people would find it useful to have the amount they paid last year on a renewal letter for any type of premium such as car or home insurance.