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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.

BMW 4 Series Gran Coupe in the flesh: Geneva Motor Show

The BMW 4 Series Gran Coupe lands in Geneva The big news from BMW at the Geneva Motor Show has been the arrival of the production version of the new X4, rather overshadowing the European debut of the BMW 4 Series Gran Coupe. Which is a shame. It’s a shame because the 4 Series Gran Coupe is a very good looking car – as is its big brother, the 6 Series Gran Coupe – even if we struggle to see how BMW are going to manage to differentiate it sufficiently from the new 3 Series saloon.

Nurburgring sold to German parts maker Capricorn Group for £83.5 million

The Nurburgring has been saved from bankruptcy The Nurburgring complex in Germany – home to many a car makers test centre and beloved of wannabe racers – has been saved from bankruptcy with an £83.5 million deal. German parts maker Capricorn Group have stumped up over £83.5 million to buy the Nurburgring complex which includes the famous 13 mile North Loop Track as well as the Grand Prix Circuit and have committed to spending and additional £21 million to further develop and improve the site. The Nurburgring track fell in to bankruptcy back in 2012, and it looked for a while as if the whole thing could be closed down, but bids from Capricorn Group and one other have saved the day, with Capricorn winning out with the bigger bid.