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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.

Seat Bocanegra (2008): first official pictures

By Tim Pollard First Official Pictures 03 March 2008 22:47 What’s new on Seat’s Geneva Motor Show stand?It’s all about the new Ibiza on the Mediterranean-themed Seat stand today. Forget the Bocanegra badge, this concept is a thinly veiled teaser for the new supermini due to hit showrooms at the end of the year.It looks pretty special, a tantalisingly taut three-door supermini with good proportions and a fresh take on the swooping wheelarch line that has come to epitomise modern Seats. We’re less keen on the blindspot-inducing quarterlights, though.

Subaru BRZ-STI concept

Subaru is poised to unveil the BRZ-STI concept at the at the LA auto show later this month. A concept version of the all-new rear-wheel drive compact sports car jointly developed with Toyota, the lightweight BRZ shares most of its mechanical components with the Toyota FT-86 concept, which made its first public appearance at the 2009 Tokyo motor show. A world away from Subaru's ‘Sports Car Architecture' concept that has made the rounds at the past few motor shows, the BRZ's design is remarkably similar to that of the FT-86.