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Bristol Cars put into bankruptcy protection

U.K. carmaker Bristol Cars was placed into administration on Thursday, the British equivalent of bankruptcy. Officials now running the company said several people were laid off but that it was keeping the sales and service operations open.

Rolls Royce Wraith Drophead OFFICIALLY confirmed

A Drophead version of the Rolls Royce Wraith (pictured) officially confirmed for 2016 The Rolls Royce Wraith – a Ghost Coupe in all but name – arrived in 2013 as an almost properly sporting Rolls Royce, one designed for driving rather than being driven in. But the arrival of the Wraith did beg the question ‘How long will it be before there’s a Wraith Convertible?‘, and we thought that question was answered when Rolls Royce boss, Torsten Müller-Ötvös, said in November last year that a drophead Wraith would make it in to production. But it seems the boss saying something doesn’t necessarily make it official, so Rolls Royce has now officially confirmed today that a new Rolls Royce model – offering effortless, open-top touring – is under development and will arrive in 2016.

Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.