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Porsche announces new Weissach design center and wind tunnel

Porsche is to invest around €150m into its Weissach development facility, including a new design center. The plans also include an electronics integration department and a state-of-the art, on-site wind tunnel, which is hoped will allow the company to realize an holistic approach to efficient design, with a strong focus on aerodynamics. When we spoke with head of Porsche design, Michael Mauer, at this year's Paris motor show, he also alluded to the fact that the Volkswagen Group's – and, more specifically, Walter de'Silva's – recent influence on the German manufacturer was shifting its attitudes: "The Volkswagen Group has a very good understanding of how much freedom a brand needs to keep its characteristics and with [Walter] as 'conductor', I feel a lot of support with design issues within the company," explained Mauer.

Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

VW Beetle Turbo, Jetta GLI get power increase

Volkswagen's 2.0-liter turbocharged four-cylinder engine is getting a 10-hp boost; the engine is now rated at 210 hp while torque remains unchanged at 207 lb-ft. The engine will be available on the Volkswagen Beetle Turbo coupe and convertible and the Jetta GLI sport sedan. VW claims the new engine shaves 0.2 seconds off the Beetle Turbo's 0-60 mph time, which is now estimated at 6.6 seconds.