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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.

New Audi Q3 2.0 TDI quattro entry-level 4WD Q3

Audi has added a new entry-level quattro model to the Q3 range – the Q3 2.0 TDI quattro 140PS – expecetd to account for 40 per cent of Q3 sales. So you’ve been put of buying an Audi Q3 because you couldn’t have 4wd quattro on a 140PS 2.0 litre TDI? No problem, as Audi has now fixed that thorny little issue with the release of the Audi Q3 2.0 TDI quattro 140PS, fitting Audi’s lower powered diesel to offer a more frugal Q3.

Fioravanti expands into China in partnership with Eastone

Renowned Italian design house Fioravanti has formed a partnership with Shanghai-based design and engineering consultancy Eastone. The aim of this powerful duo is to deliver a wide range of design and build services directly to Chinese OEMs, with the first fruit of their labors being a concept car for Chinese manufacturer BAIC, to be unveiled at the Beijing auto show. For the first time in their own country, Chinese OEMs can now benefit from the time-served capabilities, knowledge and car culture typical of a leading Italian design house, while simultaneously gaining from the local knowledge, strong relationships and powerful commercial strength of a domestic design company.