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Earlier this week we saw Porsche finally acquire a majority stake in the Volkswagen Group, with its direct ownership in the German giant moving up to 50.76%. While Porsche is no rush to increase its holding, the sports carmaker has confirmed that it is still planning to raise its holding to 75%. A...

At the start of last year American performance workshop Saleen announced plans to establish its new SMS Limited brand. The company then rolled out a stunning supercar concept to coincide with the launch of the brand, but unfortunately financial hard times put an end to plans for production of the...

Tough times in terms of sales and profits are hitting the entire industry hard, but Honda appears to be taking it particularly badly if the latest report from Japan proves true. News of the cancellation of Honda's V8 program, its CR-Z convertible, and perhaps most lamentably, its next-gen S2000...

While U.S. carmakers prepare for the 2009 Detroit Auto Show, Honda is readying a range of concepts to show off at the 2009 Tokyo Auto Salon, which celebrates Japan's modified vehicles. The headline concepts are a pair of Sports Modulo cars based on the S2000 and Fit (Jazz). Modulo is Honda's...

For many car companies, finding a clear and coherent brand identity isn't as easy as it might seem. Case in point: Pontiac. The rip-snorting G8 hasn't been the success it might have been if fuel prices and economic woes hadn't struck as it made its debut, and now the G8 ST, or sport truck, won't...

For more than a year now, Mercedes' parent company Daimler has pursued a copyright infringement case against Chinese carmaker Shuanghuan for its Bubble, a blatant knock-off of the Smart ForTwo minicar. A recent holding in a Milanese court has put the German company on the back foot, however, and...

Yet another chapter of the Porsche-VW takeover saga has unfolded today as Porsche has finally pushed its holding in VW over 50%. Porsche has held an interest of 74.1% in combined stock and options in VW since late last year, but was waiting on more favorable economic conditions to further increase...

The UAW's near-stranglehold on the domestic auto industry has taken a lot of the blame for the current condition of the carmakers. Whether it's a fair conclusion or not, however, for companies like General Motors to survive, there will have to be concessions from labor and investors alike. Formal...

In-car multimedia specialist Blaupunkt is teaming up with Internet radio company miRoamer to unveil what they claim is the "world's first Internet car radio". The two companies state that the newly-developed system will enable drivers of vehicles fitted with Blaupunkt Internet stereos to tune into...

Sporty, luxurious crossovers, like the crossover niche in general, haven't had the success the industry might have hoped for. Nevertheless, there is a definite market for the vehicles, and Cadillac has just unveiled its latest contender for the driveways of those buyers. Cadillac gave us a sneak...

In a filing today with the Securities and Exchange Commission (SEC) GMAC revealed that it will no longer have the exclusive right to finance all of General Motors vehicles, and it will cease all lease financing as well. The new business arrangements are part of the terms of GMAC's agreement with...

The $17.4 billion bridge loan package signed into action by President Bush late in December has begun disbursement, with General Motors receiving $4 billion on Wednesday. Chrysler is still waiting on the finalization of details with the U.S. Treasury before it will be able to tap into the loans...

A one-of-a-kind Dodge Viper tuned by McLaren has been put up for sale, with an asking price that comes close to $295,000. Known as the ASC Diamondback Viper, the car was first unveiled by American Specialty Cars (ASC) back at the 2006 Detroit Auto Show featuring a bevy of performance modifications...

Hummer's troubled present and uncertain future are no impediment to tuners hell-bent on creating the most insane vehicles possible, and this blown V8 Hummer H3 is a prime example. Today the Germans at Geiger Cars, already known for some outlandish Hummer creations, have unleashed the H3 V8...

GMAC has leveraged the recent promise of U.S. Treasury funds to boost its lending capacity, and now it has generated another $21.2 billion in cash via debt-for-equity swaps with its bondholders. The fund raising is part of the company's' effort to raise enough cash to meet the regulatory...

Yesterday the U.S. Treasury announced it would be backing GMAC with $6 billion in total funding, and today both the car finance company and General Motors, which gets 85% of its customer loans from GMAC, announced a wave of new incentives and programs to drive up sales. GMAC announced it would be...

Testing cars for power ratings is a tough and tricky business - accounting for different conditions, locations, equipment and techniques can make it tough to generalize results. And to make matters worse, there is often a lot of guesswork employed to get between real, delivered wheel horsepower and...

A simplified trim lineup and just a handful of available configurations for 2009 make the new Nissan 370Z a simpler car than its predecessor, but paradoxically, new features and options have made the car considerably more complex. Starting sales today at $29,930 for the six-speed manual-equipped...

Rumors, reports and even the odd video of its slick dual-clutch AWD gearbox grenading itself into oblivion have plagued the Nissan GT-R since shortly after its release into the wild. A short while later we learned that using the undocumented AWD launch control feature could void the relevant...

Japanese tuning house Branew has revealed some early shots of its customized 2009 Nissan 370Z - two weeks before the car is due to be unveiled at the Tokyo Auto Salon. The images reveal the new 370Z with handsome aerodynamic modifications and adorned in Branew's familiar satin white coloring...