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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.

Hyundai ix35 hydrogen FCEV gets a thumbs up for Fleet buyers

The Hyundai ix35 FCEV on London’s roads Hyundai has been delivering the first ix35 FCEV hydrogen-powered compact SUVs in recent months, and one of the first recipients in the UK was fleet management specialist Arval UK. The reason for Arval getting to play with the ix35 FCEV early doors was to get feedback on the practicality of running a hydrogen-powered car on a company fleet as, with its zero emissions, the ix35 FCEV could find a big market with fleet buyers. What Arval found was that the ix35 FCEV – with 0-62mph in 12.5 seconds and a 369 mile range – was, to all intents and purposes, just like using a conventional ICE powertrain and could be refuelled in just three minutes.

BMW M6 Gran Coupe: Price from £97,490 (+ video)

The new BMW M6 Gran Coupe - officially revealed this week – will cost from £97,490 when it goes on sale in May 2013. The M6 Gran Coupe gets the same, very convincing, looks of the regular Gran Coupes, but with added visual butchness thanks to a front spoiler, flared wheelarches, side skirts, rear diffuser and a carbon fibre roof. That promised aggression is reinforced by the M6 Gran Coupe’s powerplant that comes from the M6 and M5 with a 4.4 litre twin turbo V8 delivering 553bhp and 50lb/ft of torque – available from 1,500 to 5,750rpm – which is enough to get the M6 Gran Coupe to 62mph in 4.2 seconds.