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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.
2014 Porsche Boxster and Cayman GTS revealed
Wed, 19 Mar 2014Not content with its stunning Boxster S and Cayman S models, Porsche has released official details of its new range-topping mid-engined duo for 2014: the Porsche Boxster GTS and Cayman GTS. Both cars get more power from their flat-six engines and even more equipment to set them apart from the rest of the range, as well as that famous ‘GTS’ boot badge. Contenders for MSN Cars’ Car of the Year already?
Infiniti to sell luxury EV in 2013
Fri, 24 Sep 2010Infiniti plans to launch its first luxury electric vehicle in the United States and other global markets in 2013. Nissan Motor Co.'s luxury division said Friday that the Infiniti EV will be “a stylish, high performance five-seat luxury vehicle with zero emissions technology.” Infiniti first announced plans to market an electric vehicle last year but offered few details until now. It will be based on the same platform as the Nissan Leaf, an electric car scheduled to go on sale later this year.