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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.

SAIC Roewe

By Ben Whitworth Motor Industry 16 October 2006 09:40 Rover lives on! This is Shanghai Automotive Industry Corporation’s Roewe 750E - the Rover 75-based saloon - caught here undisguised weeks ahead of its official unveiling at next month’s Beijing motor show. Under a shroud of secrecy the Roewe underwent an official naming ceremony last Friday in Shanghai.

Michigan summer car events list

The Motor City is gearing up for a summer of events that celebrate the region's automotive heritage. A total of 16 automotive events will take place throughout Metro Detroit this summer, and everything kicks off the weekend of May 31 with the Chevrolet Detroit Belle Isle Grand Prix. The race weekend features the first Izod IndyCar doubleheader, the Grand-Am Rolex Sports Car series and Pirelli World Challenge Championship series.