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Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.
Ferrari and Mercedes videos celebrate social-media milestones
Thu, 03 May 2012Ferrari and Mercedes-Benz shared a moment last week when Ferrari's Facebook page cracked 8 million fans and Mercedes' hit 2 million video views. They celebrated in similar but different ways. Ferrari took its 458 Italia and burned the digits 8,000,000 in rubber on some asphalt.
Subaru Legacy concept (2013) first official pictures
Fri, 15 Nov 2013By Ollie Kew First Official Pictures 15 November 2013 16:45 This is the new Subaru Legacy concept car, which will be displayed at the Los Angeles motor show later in November 2013. Usually, we’re pretty wary of styling concepts, given how much poetic license they allow designers, before their sexy, swooping designs are diluted to meet crash and aerodynamic benchmarks. This Legacy’s design theme is its trademark ‘Symmetrical All-wheel drive’ system.