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Porsche finally becomes a VW company
Thu, 05 Jul 2012Volkswagen 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.
Ford speed-limiter option becomes more popular in Europe
Thu, 22 Mar 2012An adjustable speed limiter ranks high on the popularity list with Ford buyers in Europe. Ford says it sold more than 220,000 cars with the system last year on the Continent. The take rate has been particularly high on the Mondeo sedan (86 percent), the S-Max wagon (85 percent) and the Kuga SUV (83 percent).
'Spen' King, father of the Range Rover, dies
Mon, 28 Jun 2010Charles Spencer "Spen" King, a British engineer and father of the original Range Rover, died on June 26 at age 85. King passed away as a result of injuries sustained when his bicycle collided with a van earlier this month. King entered the auto business in 1942 as an apprentice for Rolls-Royce before going to work for his uncles, Spencer and Maurice Wilks, at Rover.