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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.

UAW, Fiat likely to hold key stakes in new Chrysler

The UAW and Italy's Fiat S.p.A. could be Chrysler LLC's leading shareholders if the struggling U.S. automaker wins the concessions requested by President Barack Obama's automotive task force by April 30, a source close to negotiations told Automotive News today.

Sinkhole fears shut commuter route

A ROAD in a key transport-link town is to be closed over fears that a sinkhole exists deep under the surface. A hole has appeared in St John's Road in Watford, Hertfordshire, and preliminary investigations carried out last week had to be stopped as there were concerns about undermining the road and footway further. Hertfordshire County Council said: "A geotechnical engineer present during the investigations advised that there is a possibility that a sinkhole exists deep down in the underlying chalk." Following f urther investigations today, the road is being shut until work on it can be completed.