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2011 GMC Sierra debuts with new Denali version, more power

GMC is making going to work a bit more stylish--but still with plenty of grunt-- with the first-ever offering of its Denali trim on the Sierra heavy-duty line of trucks. The 2011 Sierra heavy-duty range was revealed Wednesday in St. Louis at the National Truck Equipment Association Work Truck Show.

Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.

Seven reasons why GM wants to keep Opel

General Motors Co. is considering reversing course and hanging on to Opel, and it is easy to figure out why. Keeping a foothold in Europe is vital for GM, and the company may be able to afford it.