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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.

Infiniti opens on London’s Piccadilly

Infiniti open for business in London's Piccadilly Nissan’s luxury arm, Infiniti, is on a quest to conquer Europe with its wares. But so far it’s been a little hamstrung with a lack of outlets – just the Infiniti dealers in Reading – and a lack of product to shove under buyers’ noses. Or at least it would seem so.

Chrysler Nassau Concept (2007): first official pictures

By Tim Pollard First Official Pictures 08 January 2007 06:24 Chrysler Nassau Concept: the lowdown You're looking at Chrysler's new sampler for a shooting brake: the Nassau concept newly unveiled in Detroit. Design boss Trevor Creed heralded it as 'a new, more emotional Chrysler.' Although the same size as the mean-'n'-moody 300C saloon, the Nassau is designed to look smaller, with more delicate surface treatments, a subtler new eggcrate grille and a slimmer, more European hatchback rear end. The Nassau portrays more compact dimensions, despite rolling on huge 10-spoke, 22in alloy wheels.