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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.

Aston Martin Shop – at the Nurburgring

Aston Martin has opened a 2500 sq ft shop at the Nurburgring selling accessories and trinkets And now Aston Martin has decided it’s time to play shopkeeper, so they have opened up a new merchandise store at the Nurburgring. And they’re in good company, as both Nissan and Ferrari have recently done the same. But this is as much about the Nurburgring’s intention of becoming a leisure and business centre as it is about being a sales refuge for beleaguered car makers.

G-Wiz maker Reva announce new electric cars

The Reva NXR - one of two new electric cars Reva re bringing to Frankfurt Reva plan on introducing two new cars at the Frankfurt Motor Show next month. The first is the Reva NXR, which is a three-door, four seat family hatchback scheduled to launch in 2010. The second is a sporty, targa-topped two-seater – the Reva NXG – that won’t go in to production until 2011.