VOLKSWAGEN

Most European markets fell Monday as investors continued to have concerns about the faltering global economy and mounting debt crisis in the euro zone.

General Motors Company's (NYSE: GM) dual European brands, Opel and Vauxhall, released Wednesday the first teases of the new ADAM city car, which seems to have been designed to compete directly with the popular Fiat 500 and BMW's Mini.

Most European markets fell Wednesday as investor sentiment remained fragile following concerns of the worsening economic condition in the euro zone to hurt quarterly earnings of companies.

Volkswagen AG (Frankfurt: VOW) will complete its long-sought purchase of Porsche Automobil Holding SE (Frankfurt: PAH3), following years of on-again, off-again courtship between the two companies.

U.S. car sales revved up again in June after lackluster May sales numbers as consumers continued to flock to dealer lots to replace aging vehicles and buy new trucks and crossover SUVs.

June U.S. car sales rose across the board, surging above the 14 million unit seasonally adjusted annual rate (SAAR) of sales after a lackluster May, indicating a continued recovery for the industry that will likely carry through the second half.

Detroit?s carmakers saw strong June U.S. car sales with Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reporting 20 percent year-over-year sales growth and Ford Motor Co. (NYSE: F) reporting more modest 7 percent sales gains.

European markets rose Tuesday amid expectation that central banks around the world would coordinate to announce stimulus measures to rejuvenate the global economic growth.

Most European markets rose Monday as investors were encouraged by the hopeful economic indications from Asia and also the measures taken at the EU summit last week.

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures

European markets rose Tuesday after sell off in the previous day, but investors remained watchful about the debt crisis lingering over the euro zone.

A driver involved in a Southern California freeway brawl that was captured on video and went viral on the internet, said he regrets getting out of his and should have called the police. Jerry Patterson, a mortgage consultant and father of three said he suffered a concussion from the incident when three brutes had attacked him on the freeway, repeatedly punching and kicking him in the head.

European markets fell Thursday as investors were disappointed the U.S. Federal Reserve failed to announce any quantitative easing measures on Wednesday.

European markets fell Wednesday as investors remained watchful ahead of the U.S. Federal Reserve's announcement of the monetary policy decision.

State-owned Beijing Automotive Industry Holding Company (commonly known as Beijing Automotive Group or BAIC) hired Leonardo Fioravanti, legendary designer of the Ferrari Daytona, to transform the Chinese car conglomerate into a world-class maker of luxury cars by 2025, according to Bloomberg News.

In the weeks leading to the Barrett-Jackson Auction Co.'s collector car auction in Orange County, Calif., a new group of people appears to be joining aging-vehicle aficionados in paying attention to this annual event, as an increasing number of investors are turning to older vehicles as the latest safe havens for their money.

Nissan Motor Co. (Tokyo: 7201) is expected to build a 5 billion yuan ($785 million) factory in the northeastern Chinese city of Dalian, an aggressive move into territory traditionally under the sway of Volkswagen AG (Frankfurt: VOW) and Toyota Motor Corp. (NYSE: TM), according to the Japan Daily Press Friday.

European markets rose Friday amid expectation that central banks around the world would coordinate to announce stimulus measures to rejuvenate the global economic growth.

Volkswagen AG (Frankfurt: VOW) will pay ?600 million ($750 million) more than originally expected for the remaining 50.1 percent of sports car maker Porsche, bringing the total cost of the acquisition to ?4.5 billion, up from ?3.9 billion, according to Bloomberg.

Volkswagen AG (Frankfurt: VOW) U.S. sales grew 28.4 percent in May, the company's best May since its heyday as a 70s era-icon.

The Toyota Motor Corp. (NYSE: TM) wants to make itself king of the hill once more and reclaim the No. 1 global sales position from the General Motors Co. (NYSE: GM) by adding eight compact cars for emerging markets, Reuters said Friday.