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Fisker about to be bought by Volvo’s Chinese owner Geely?

It’s reported that China’s Geely – which bought Volvo from Ford – is about to take a majority stake in Fisker Automotive. But Fisker has run in to big problems when its battery supplier - A123 Systems – went bust leading to Fisker production grinding to a halt. That has now been resolved with China’s Wanxiang Group buying up A123 Systems and it looks like Fisker is heading East too with Geely set to grab a majority shareholding.

Top Gear in Italy with Aventador, McLaren MP4-12C & Noble M600 + video

Top Gear in Lecce filming a supercar piece We already know that Top Gear’s Christmas Special is in India this year, so the video showing the Top Gear team filming in Lecce, Italy, with the Lamborghini Aventador, McLaren MP4-12C and Noble M600 must be for the new series of Top Gear, which kicks off on January 12th 2012. Lecce is an historic Italian city in the south east of Italy, full of Baroque architecture, tracing its history back to the Greeks and is probably most famous for its ‘Lecce Stone’, a soft and malleable limestone ideal for sculpting. None of which really matters to Messrs Clarkson, Hammond and May, although it does provide a stunning backdrop for an equally stunning set of supercars.

How Porsche will be integrated into VW

By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht.  With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.