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Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

Jaguar XJ facelift (2007) first news and photos

By Jack Carfrae First Official Pictures 28 February 2007 11:29 2008 Jaguar XJ: the lowdown Jaguar is sprucing up its XJ luxury saloon at Geneva next week to keep it fresh until a radical new model arrives in 2009 – and these pictures show the big cat for the first time. There are numerous subtle changes to Jaguar’s flagship saloon, most of which are well within the ‘blink and you’ll miss it’ category, but they add a little more polish to the big saloon, which has always suffered criticism for its conservative design. Most of the changes involve the bumpers, which have been given a more distinguished, deep and chunky look, and a more prominent growler on the revised grille.

Huayra paves the way for Pagani sales in the U.S.

The Pagani Huayra will pave the way for the Italian company to begin selling its cars in the United States later this year. Pagani Automobili said on Monday that the 700-hp Huayra will be sold through a network of dealers. But it did not say how many dealerships it would have, where they would be located and when sales would start.