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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.

Honda Boosts Civic Tourer Appeal

HONDA’S new Civic Tourer’s arrival in the showrooms is just around the corner, and already the Japanese car maker is making its compact family wagon more affordable. Prospective buyers are to be tempted by a range of attractive finance offers – including low monthly payments and zero percent APR – and Honda’s new optional fixed-price five-year aftercare package. In addition to the competitive monthly payment plans, Honda’s new fixed-price comprehensive aftercare package includes five years’ servicing, five years’ warranty and five years’ roadside assist.

Silver linings: Saab and Mitsubishi see sales grow in May

Despite the company’s financial troubles, Saab sales are steadily increasing in 2011, with April and May numbers up 190 percent and 121 percent, respectively, from the same months last year. The Swedish automaker reported 385 units sold this May, versus 155 the year prior. So far this year, Saab has sold 2,765 vehicles, compared with 954 at the same point last year.