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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.

BMW boss tells the truth about electric cars. And then has to apologise for doing so.

BMW US CEO Jim O'Donnell - "EVs won't work for more than 90% of drivers" Really, you do have to ask what kind of barking mad world we live in when the boss of a car company is forced to apologise for telling the truth, simply because it upsets a vocal minority (and his bosses, no doubt) We’ve been banging on for years about how useless electric cars are as a replacement for the internal combustion engine, and how they are really only viable as inner-city runarounds and as toys for the better-off. Even then, electric cars have their problems. As inner-city cars EVs certainly do the local environment a favour by transferring emissions to the point of electricity generation instead of the point of use.

BMW teams up with U.S. Olympic Committee

The ultimate driving machine is helping Team USA reach for gold medals. BMW Group announced on Monday that it has been named the official mobility partner of the United States Olympic Committee (USOC) through 2016. BMW will also work with four national governing bodies, USA bobsled and skeleton, speed skating, swimming and track and field.