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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.

Chrysler reveals 200C electric vehicle concept at the Detroit auto show

Chrysler LLC jolted automotive journalists ready to see the world premiere of four production-vehicle-based electric cars and trucks at the Detroit Auto Show, adding a surprise electric show car dubbed the 200C EV. Chrysler co-President Jim Press said the 200C and other electric vehicles show "there's evidence here of ongoing investment in the future." The stylish concept car features the same range-extending electric drive system deployed in several other production-intent Chrysler EVs revealed at the Detroit show, including the Town & Country EV minivan, Jeep Wrangler Unlimited EV and Jeep Patriot EV. Chrysler also unveiled the all-electric plug-in Dodge Circuit EV, a Lotus Europa-based electric concept with an estimated range of 150-200 miles.

Honda cuts UK production by 50 per cent

Honda (UK) cuts production Japan is slowly recovering from the earthquake and tsunami that hit on 11th March. Or at least its production is. Honda has revealed that it expects its Japanese plants to resume production of 11th April – just one month after the disaster – but initially that will be at just 50% capacity due to a shaky parts supply line.