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Vettel enjoys title toast

WORLD CHAMPION Sebastian Vettel has revealed he celebrated his fourth successive drivers' title with an impromptu night in his hotel bar before spending some time at home in quiet contemplation of his achievements. Vettel did not have too much time to bask in the glory of yet another all-conquering championship season as the Abu Dhabi Grand Prix follows just seven days later but he did admit the team spent a little while in the bar following the race win at the Buddh International Circuit. "Obviously it was a great relief when I crossed the line on Sunday," he said.

VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.

Porsche Cayenne and Panamera production temporarily stops

Porsche stopped production today at its assembly plant in Leipzig, Germany, after floods in the region disrupted supplies. The factory builds the Cayenne SUV and Panamera sedan for global markets, including the United States. Porsche told workers on today's early shift not to come into work after floods in the Czech Republic halted supply of Cayenne bodies.