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Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Subaru Impreza

Another follow up from an earlier teaser shot is this, the 2012 Subaru Impreza, which is making its debut at the NY auto show. Digressing further from its infamous rally-bred history, the latest Impreza is being billed as the most economical AWD car for sale in the US market, and Subaru is also keen to stress the increased ride comfort and interior space of this model, which is claimed to offer unprecedented levels of refinement from an Impreza. The cars exterior, however, does have some nostalgic references, with the bold arches said to 'emphasize its sporty roots and standard All-Wheel Drive performance'.

Seat celebrates 60 years of production

SPANISH car maker Seat has this week celebrated its 60th anniversary, releasing pictures dating back to its very first model, the 1400. Six decades have now passed since the first 1400 rolled off the production line, when the brand new company was inundated with 10,000 orders following the end of petrol rationing in Spain. With so much production demand Seat was able to drop the initial price of 121,875 to a more reasonable 117,000 pesetas, or what would have been about £590 at the time.