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Porsche buys Nardo for high-speed tests

Porsche has announced it is to take ownership of the famous Nardo Proving Ground in southern Italy. The company's engineering consultancy wing, the Porsche Engineering Group, will assume ownership as of May 2012. Nardo is currently owned by Italian firm Prototipo SpA.  No fee has been disclosed by either party.

Future products: Ownership change may revive 2 small Porsches

Now that it's owned by Volkswagen, Porsche reportedly is planning two small vehicles that the German sports car maker's previous management had nixed. Porsche is expected to increase the size of its Boxster roadster, leaving room at the bottom of the range for a smaller midengine car engineered jointly with Volkswagen. A small SUV also is likely to be added.

BMW 1 Series Coupe

Details of BMW's latest addition have been officially released. The new 1 Series Coupe - which will be available as both a 128i and a 135i  when it goes on sale in North America - is a modern interpretation of the classic 2002, with a front-engine and rear-drive configuration. As expected, the new car looks a lot like a 1 Series hatch; the biggest difference being the newly created rear end.