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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.

Texas mulls upping speed limit to 85 mph

Texas and Utah are the two states that have 80-mph posted speed limits. But Texas wants to up the ante to 85. State officials are considering changing the limit on Highway 130, which runs between San Antonio and Austin.

Honda S660 sports car concept (2013) first official pictures

By Ollie Kew First Official Pictures 23 October 2013 12:00 This is the Honda S660, a 21st Century adaptation of the brand’s S600 sports car, first seen in the 1960s. The tiny two-seater roadster will be shown off at the Tokyo motor show in November 2013, but before you get too excited about a Honda roadster revival, we’ve got bad news. Even if the S660 did get green-lighted for series production, Honda UK has confirmed to CAR the S660 ‘is not destined for Britain.’ Looking very similar to 2011’s electric EV-STER concept, the S660 swaps batteries for internal combustion power, and ushers in an interior not pinched from the set of Star Trek, indicating a step closer to showroom-ready condition.