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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.

Electric-car guru Tom Gage steps down from AC Propulsion

Electric-car innovator Tom Gage resigned the morning of Oct. 5 from California company AC Propulsion, Autoweek has learned. Gage, the now-former CEO, joined the company in 1996, several years after its founding, and has become its public face and a widely used resource on electric cars.

2012 Porsche 911 7-speed gearbox in action +video

2012 Porsche 911 7-speed gearbox video below Some of us are old enough – just –  to remember when a 3-speed gearbox was normal. And, quite often, located on the column. Cars like the Vauxhall Cresta and Ford Zephyr had them, but they now belong to a completely different world to the one inhabited by the 7-speed manual gearbox in the new Porsche 911.