Lumma Design shows bizarre black-and-white BMW M5 with 730 HP

by Drew Phillips

With its latest creation, the CLR 730 RS, it seems that Lumma Design is making a play for the title of Europe's most garish tuner. However, this two-tone widebody BMW M5 is actually subtle compared to previous Lumma Design models, and we think the title still firmly remains with Mansory.

So what's special about the CLR 730 RS? For starters, 730 horsepower. The 50% increase in chutzpah comes from a set of twin-superchargers courtesy of G-Power, and Lumma Design claims an impressive top speed of 228 mph. Additional performance upgrades come in the form of a sport suspension, six-piston front and four-piston rear brakes, and an upgraded exhaust system.

The candy cane interior of the CLR 730 RS is even more over-the-top than the outside, with a combination of carbon fiber, leather, and suede. It's not really our style, but we would probably be more accepting of it in a more subtle color. We have plenty of high-res photos in the gallery below, and Lumma Design's press release has full details after the jump.

Volkswagen to buy 49.9% of Porsche in first stage of merger

by Sam Abuelsamid

The days of Porsche being an independent automaker will soon be drawing to a close. Volkswagen has announced that it is ready to move ahead with the first stage of its buyout of the smaller company that had tried to do the same thing to it just a short while ago. Back in August when the VW board approved the merger, the Wolfsburg company announced that it would start off by purchasing 42 percent of Porsche AG, the car building unit of Porsche. That stake has now been increased to 49.9 percent and the purchase will happen before the end of 2009.

According the announcement from Volkswagen, work on future joint projects between the two companies is moving ahead faster than anticipated. As a result, VW is buying a larger stake now with the expectation that Porsche's share price will increase next year due to these new projects.

Next year VW will be issuing more preferred shares in itself to help pay for the rest of the acquisition while maintaining its credit rating. The full merger is expected to be completed sometime in 2011.