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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.

Interior Motives Design Awards 2010

As the doors closed to the press at the Mondial de L'Automobile in Paris, the world's top designers and automotive journalists gathered at the nearby Palais des Congrès d'Issy to watch a new generation of designers celebrate success at the 2010 Interior Motives Design Awards. Never before has the automotive industry been in greater need of fresh perspectives and innovation, and the students gathered here tonight provided both in spades - perhaps none more so than Kosin Voravattayagon of Sweden's Umeå Institute of Design, who walked away from the event with the Interior Motives Student Designer of the Year 2010 title and prize money totalling $5,000. Themed ‘Driving the Interior Revolution', this year's contest attracted entries from an incredibly diverse range of schools and nationalities - from Israel and Iran, to Slovakia and South America.

Lotus Exige S Type 72 celebrates F1 return

The new Lotus Exige S Type 72 Lotus is back in Formula One for the first time since the early nineties and to celebrate they’ve announced a new car. But don’t get too excited, it’s not the new Lotus Esprit or even the Lotus Evora Convertible. It’s yet another Lotus Exige, this time the Lotus Exige S Type 72.