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Porsche, Volkswagen work out more sale details, may use Auto Union name

Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports. The new entity could be led by Volkswagen CEO Martin Winterkorn, and Porsche would retain some independence--similar to Audi's setup within the Volkswagen Group. Porsche would be the 10th brand in the company.

Autoweek in review: What you might have missed

The week started off well for BMW fans with the release of the redesigned 3-series wagon. The fifth-generation wagon is expected to reach the States in 2013. RM Monaco raked in more than $43 million in sales over the weekend.

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Ka Tam EC.25 CityRapid Ka Tam's EC.25 (Electric Cruiser 2025) 'CityRapid' is a project which targets the transportation atmosphere in 2025, providing an alternative solution for commuting within a city. The project is a proposal for a new dimension of personal mobility vehicle, which is a mutation of a scooter, motorcycle and human transporter. Aiming at early adopters, the experimental leading group of society, it is equipped with advanced technologies, materials and manufacturing techniques.