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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.

Autostyle Design Competition 2013: The Results

The results of the tenth annual Autostyle 2013 design competition are in, with three Italian and two French design students earning this year's top plaudits. The contest challenged students from eight schools from around the world to create a custom vehicle from a Citroën Revolte concept, Suzuki SX4, Audi Crosslane, Land Rover Defender DC100 concept or Maserati Ghibli. The schools involved were: Creapole; Istituto Europeo di Design (IED); Institut Supérieur du Design (ISD); Istituto Superiore Scienza dell'Automobile di Modena (ISSAM); Politecnico di Milano; Royal College of Art; Strate College; and Umeå University of Design.

Whos Where: Ken Okuyama appointed Creative Director at Pininfarina

The talented Japanese designer Ken Okuyama, who penned the Pininfarina Enzo and 'Rossa' during his days at Pininfarina Studi e Ricerche, is going back to the famous Italian coachbuilder, after completing his experience as Chair of the Transportation Design Department at Art Center College of Design in Pasadena, California. He is expected back as Creative Director of the Pininfarina Spa group as of May 10th. There he will be reporting, as before his departure, to Lorenzo Ramaciotti, Executive Vice President Design .