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Diesel joins Porsche Panamera lineup

Porsche has put forward some eye-catching fuel-economy figures for the Panamera diesel--although we may never see the car in the United States. Set to go on sale across Europe in August, the four-door is claimed to return a combined city/highway driving fuel economy of 36.2 mpg in standard guise under European testing procedures. When fitted with optional low-rolling-resistance tires, the fuel economy climbs to 37.3 mpg on the European test--a figure that gives the Panamera diesel a theoretical range of 800 miles on its 21-gallon fuel tank.

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.

Fashion designer John Varvatos continues Detroit theme in new Chrysler 300 ad

Continuing the "Imported from Detroit" campaign that launched with Eminem's epic Super Bowl ad, Chrysler has partnered with fashion designer and native Detroiter John Varvatos for the next installment in the star-studded series of commercials. With Iggy Pop playing in the background, the spot shows Varvatos driving a Chrysler 300 as the voiceover says that the Motor City's "perfect combination of rock and roll and heavy industry" made it the designer's muse. Chrysler also is running an ad with Detroit Lions defensive tackle Ndamukong Suh.