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GM sells trucks through Costco program

Membership warehouse retailer Costco has launched a deal with General Motors allowing its members to buy certain Chevrolet and GMC trucks through select franchised new-car dealers at a "preferred price"--generally equivalent to the price that the automaker offers its suppliers' employees. Rick Borg, vice president of the Costco Auto Program, on Tuesday said the club expects its members to buy more than 5,000 new Chevrolet and GMC trucks under the program. The program runs through Jan.

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.

Porsche Cayenne 2011 – the leak starts

The first 'Official' photo of the 2011 Porsche Cayenne We’ve been expecting Porsche to release details of the 2010/2011 Cayenne for the last week or so. But it now seems likely to happen any time now as the official images have started to leak out of Stuttgart (photo above). We’ve seen a low-key 2011 Porsche Cayenne tease already from Porsche with the picture on their website showing the 2011 Cayenne lurking in the shadows.