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SsangYong will show XUV 1 concept at Frankfurt

South Korean automaker SsangYong will have something to brag about at the Frankfurt motor show in September--namely, the new concept XUV 1. The XUV 1 is a small crossover vehicle with a shape similar to that of the Land Rover Range Rover Evoque. At least that's what we see from teaser photos released on Thursday.

McLaren slows MP4-12C production for fixes

British supercar maker McLaren has slowed production of the MP4-12C because of quality issues. The company says the problems are not safety- or performance-related. "There are no safety concerns for the delay," Tony Joseph, director of McLaren North America, told Autoweek.

Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.