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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.

N.A.R.T. racers will highlight the Fall Ferrari Festival in New York

A selection of famous race cars from Luigi Chinetti's North American Racing Team will headline the Fall Ferrari Festival in upstate New York. The spotlight car will be the 1965 N.A.R.T. 250LM, the last Ferrari to win the 24 Hours of Le Mans.

2013 Porsche Panamera facelift caught on video

The facelift for the Porsche Panamera is due to arrive later in 2012 (or early 2013) and has been caught on video in Stuttgart. It’s three years since the Porsche Panamera was revealed at the 2009 Shanghai Motor Show and it’s time for Porsche’s big saloon car to get an overhaul. The 2013 Panamera, complete with cosmetic tweaks and oily updates, is something we expected to see at the Geneva Motor Show in 2013, but with what looks like almost complete cars popping up in Stuttgart perhaps the tweaked Panamera is going to bow in at Paris in September instead?