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Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Porsche, Volkswagen work out more sale details, may use Auto Union name

Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports. The new entity could be led by Volkswagen CEO Martin Winterkorn, and Porsche would retain some independence--similar to Audi's setup within the Volkswagen Group. Porsche would be the 10th brand in the company.

The first Volkswagen Beetle in America looked like this

On Jan. 17, 1949, the Holland America Line Westerdam pulled into New York Harbor from Rotterdam carrying the seed of an automotive empire. It had been only four years since Volkswagen resurrected operations in Wolfsburg, the factory heavily ruined by Allied forces and now under the command of Major Ivan Hirst.