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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.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.

SUVs – Huge in India

The West’s perception of a 4×4 in India – the truth is quite different (click for full image) Car buyers in the West flooded in to SUVs / 4x4s of one sort or another over the last decade. But the current economic woes have brought the SUV bandwagon to an abrupt halt as buyers desert the SUV in droves in favour of something smaller and more economical. Indians can actually buy everything from the most popular Ford Endeavour through to a full blown Cayenne or Range Rover.