Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

BMW Alpina B7 gets power boost for 2013

The 2013 BMW Alpina B7, the performance version of the German automaker's 7-series sedan, gets an additional 40 hp--and a more costly sticker price--for the new model year. BMW plans to roll out the 2013 model at the Pebble Beach Concours d'Elegance in August and begin sales soon thereafter. Under the hood, power from the 4.4-liter V8 has been increased from 500 to 540 hp with the addition of BMW's throttle-less Valvetronic intake system.

Bentley icons old and new set for Goodwood Festival of Speed

Bentley will be bringing new and veteran cars to the Goodwood Festival of Speed set for June 26 through 29 this year, including a pair of historic Le Mans cars. The popular event has become a world stage for automakers over the last few years, but few marques have as much history to show off during the four days of the event as Bentley. For starters, the new Continental GT V8 S will be making its first appearance at Goodwood in the Supercar paddock.