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Porsche family buys back stake from Qatar fund
Descendants of German automobile entrepreneur Ferdinand Porsche have bought back a 10 percent stake in their holding company from Qatar's sovereign wealth fund. Carmaker Porsche confirmed the transaction Monday but didn't reveal the sales price. The Porsche and Piech families are now again the sole shareholders of Porsche Automobil Holding ...
Alton car show canceled after low turnout
A long-running southwestern Illinois car show was canceled after only a dozen classic cars showed up to go on display. Organizers of Sunday's All-Wheels Drive-In Car Show in Alton tell The Telegraph (http://bit.ly/11svNYV ) that they couldn't afford to run the 16-year-old event with so few entrants. Typically, about 150 ...
Cemetery tours part of Flint's Back to the Bricks
Back to the Bricks has been focusing on immortalizing some of the big names of the auto industry in bronze, but this year they're looking to take car lovers to the final resting places of some of those people. On Aug. 17, the last day of the weeklong car show, ...
Electronic proof of auto insurance coming to Ind.
Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws. Indiana will become one of 24 states that allow electronic proof of ...
Biffle holds on to win again at Michigan
Greg Biffle gave Ford a milestone victory — right down the road from company headquarters. Biffle raced to his second straight Sprint Cup win at Michigan International Speedway, easily holding off Kevin Harvick after points leader Jimmie Johnson smacked the wall in the final laps Sunday. It was the 1,000th ...
Ohio man charged in $10M real estate scam
A Pakistan native has been charged with bilking a wealthy Washington businessman out of nearly $10 million, but it's the flashy way prosecutors allege Haider Zafar spent the money that's also getting attention. There were bodyguards, diamonds, six-figure bills charged partying at swanky South Beach hotels, a black Lamborghini, a ...
Electronic proof of auto insurance coming to Ind.
Indiana drivers will be able to prove they have auto insurance with the click of a smartphone starting July 1 under a new law that signals a shift toward the use of technology in insurance laws. Indiana is one of 24 states that will allow electronic proof of coverage. Motorists ...
Maine museum to celebrate hot rods, muscle cars
Maine's Owls Head Transportation Museum is celebrating America's passion for cool cars with a show that focuses on hot rods, muscle cars and other hip automobiles. The museum is holdings its annual Hot Rods, Customs, Muscle Cars and Antique Aeroplane Show on Saturday and Sunday. The show will feature an ...
Judge sides with feds in Montana oil lease dispute
A federal judge on Friday dismissed a lawsuit from environmentalists who tried to block almost 80,000 acres of oil and gas leases in Montana in a bid to force companies to reduce greenhouse gas emissions. U.S. District Judge Sam Haddon said in his ruling that the emissions from future drilling ...
Metals rise broadly; crude oil near high for year
Metals prices ended higher Friday, while crude oil jumped to its highest level since January. Gold for August delivery rose $9.80 to $1,387.60 an ounce. Silver for July delivery rose 37.1 cents to $21.954 an ounce. July copper rose 1.65 cents to $3.2015 a pound. July platinum rose 30 cents ...
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