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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.

Vauxhall reveals its line up for 2010 Paris motor show

The 2010 Mondial de l’Automobile – aka Paris motor show 2010 – is set to be the launchbed for a bevy of new models from the Vauxhall stable. The Paris show will see Vauxhall launch a three-door Astra GTC Paris concept car (the main news, but sadly no photos available yet), plus a clutch of other spin-offs. There are new Meriva diesels, an Astra estate and the latest evolution of Ampera electric vehicle.

Mercedes-Benz CLS shooting brake sparkles at Goodwood

Mercedes-Benz used the annual Goodwood Festival of Speed as the backdrop for the premiere of the definitive production version of its stylish new CLS shooting brake in Sussex, England. Set to go on sale across Europe in October, the new sporting wagon was given a production go-ahead by Mercedes boss Dieter Zetsche following positive reaction to the earlier E-class-based ConceptFascination prototype car unveiled at the 2008 Paris motor show and the subsequent CLS shooting brake show car wheeled out at the 2010 Beijing motor show. Sadly, though, there are no plans to sell the new Mercedes-Benz model in North America, owing to what one official described to Autoweek as "the continued aversion to wagons by U.S.