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VW halts merger talk with Porsche

Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.

Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

2012 Mercedes E63 AMG gets Twin-Turbo 5.5-Litre V8: New York 2011 Catch-up

2012 Mercedes E63 AMG with twin-turbo V8 It’s always the same; however hard we try there’s always something of proper interest that slips through the net when there’s a motor show on, and this time there’s likely to be more as New York and Shanghai are in full swing at the same time. Excuses out of the way, we thought we ought to take a look at the 2012 Mercedes E63 AMG, which has had a heart transplant to get Mercedes’ latest 5.5 litre twin-turbo V8. Out goes the naturally aspirated 6.2 litre V8 and in comes the forced-induction jobbie, promising more torque and much better economy.