Honda Emblem 75701-sna-0030 on 2040-parts.com

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.

Mercedes AMG GT & GT S OFFICIALLY revealed

The Mercedes AMG GT officially revealed It seems to have taken forever for the Mercedes AMG Gt to arrive, and now it has we get not one but two variations- the AMG GT and AMG GT S. Effectively replacing the SLS AMG at the top of Mercedes sporting line-up, the AMG GT isn’t as ‘super’ a Supercar – certainly not in terms of prices – as the old SLS AMG. In fact, although Mercedes are yet to confirm prices, we’re expecting the AMG GT to start at under £100,000 (just) and the AMG GT S to be £10k or so more.

Saab plea for Court Protection dismissed – owes €150 million to creditors

Saab denied Court Protection - there seems no way out We hoped Victor Muller had found a way out of Saab’s financial woes by applying to the Swedish Courts for protection from its creditors while it waited for funds from China to arrive. But the application has hit a brick wall. The district court in Vanersborg said in a statement that there was no reason to believe protection and reorganisation would work for Saab.