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Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.

Range Rover Evoque Prototype Video

The Range Rover Evoque Prototypes - off to conquer the world Last week were were a little hasty and a little harsh. We got sent a set of photos of the Range Rover Evoque all dressed up in camouflage and ready to go out testing round the world. We ran a story questioning why on earth Land Rover would send out disguised Evoques when we’d already seen a production-ready Evoque – without disguise – at the party to celebrate 40 years of Range Rover.

Goodwood Moving Motor Show: (almost) an unqualified success

The Goodwood Moving Motor Show Yesterday we toddled along to Goodwood to see the set up for this year’s Festival of Speed and to have a look at the Moving Motor Show in action for the first time. We also – courtesy of Jaguar, who had invited us for the day – got an early drive up the hillclimb-based circuit that forms part of the Moving Motor Show’s appeal for the lucky ones who got the opportunity to take the wheel of one of the impressive bunch of cars on display. And it was an impressive bunch, with everything from the Toyota Auris Hybrid to the Rolls Royce Phantom DHC via the Audi R8 and the new Jaguar XJ on offer to drive.