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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.

Nissan GT-R SpecV – UK and Europe launch

The £124,900 Nissan GT-R SpecV for the UK It’s almost a year since Nissan announced the GT-R SpecV for the Japanese market – and ten months since it went on sale – but they’ve just announced a limited run of Nissan GT-R SpecV for the UK and European markets. Just 40 will be produced at a slightly pricey £124,900 – more than twice the price of the Standard Nissan GT-R. If you use anything else as a benchmark for value for performance the GT-R SpecV stacks up.

2014 Cadillac CTS sedan priced at $46,025

The base 2014 Cadillac CTS sedan will cost $46,025 when it goes on sale this fall. That’s a $6,035 increase from the current model’s $39,990 price after shipping charges. For 2014, the CTS sedan is seeing a major overhaul, with a longer, leaner body and a new optional twin-turbo 3.6-liter V6 engine rated at 420 hp.