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Volkswagen to buy 42 percent of Porsche, full merger planned

Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.

Spied on the street: Porsche Panamera

Yes, Porsche has given up several official photos of the Panamera sedan ahead of the car's expected official rollout at the Shanghai auto show in late April. That means prototypes on the road have stripped off the camouflage. But it's still interesting to see the car in a natural setting.

Audi win at Le Mans – again

Audi has not only won at the 2012 Le Mans 24 Hour, but they’ve taken 2nd, 3rd and 5th places too in the diesel hybrid R18 e-Tron. It’s a huge achievement to win at Le Mans, so hats off – yet again - to the incredible Audi team with another stunning win at Le Mans – the 11th time in the last thirteen years - and for their 2nd, 3rd and 5th place too. The winning Audi R18 e-Tron was the first hybrid car to win at Le Mans and was brilliantly driven by Marcel Fässler (Swiss), André Lotterer (German) and Benoît Tréluyer (French).