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Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

First Lamborghini Huracans making £30k premiums

Lamborghini Huracan (pictured) fethcing premiums of up to £30k Tim Marlow, Director of Magnitude Finance, has revealed that two of their clients are amongst the first UK buyers due to get their car, and despite financing the purchase they’ve already decided to flip their car as soon as it arrives for a quick return. One has already secured a £27k premium for the car – which he won’t even bother to drive before he sells it on – and the expectation is that premiums could hit £30k in the first months after the Huracan arrives, such is demand for Lamborghini’s new supercar. But with UK dealers expecting just 4 cars each in 2014 (although Lamborghini London are getting a few more) those buyers who got in quick for an early delivery are sitting on a near 20 per cent profit as the less organised seek to get behind the wheel.

Whos Where: Pierre Castinel is Head of Design at Tata

Indian automaker Tata has been front page news often in recent times, first because of the impressive one-lakh Nano, which changes the automotive industry playing field, and most recently because of its acquisition of Jaguar and Land Rover from Ford's Premiere Automotive Group for the tidy sum of $2.3 billion - less than half what Ford paid for both companies in 1989.  At the helm of Tata's design efforts is Pierre Castinel, Head of Design. Though only officially announced in March this year, Castinel has been active at Tata since he left Renault in summer 2007, a company he worked at for 20 years. Castinel started as a modeler for Peugeot and worked there for three years.