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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.
Video: First glimpse of Porsche's new 911
Tue, 19 Jul 2011These are the first images of the new 2012 Porsche 911, set to make its official debut at the forthcoming Frankfurt motor show. The evolutionary design, built atop a chassis that rides on a longer wheelbase, will feature a steeper rake on the windshield and stand shorter than the outgoing 997, while retaining similar overall dimensions. According to an insider, the new 2012 911 will also feature a heavily revised interior, similar to that of the recent Cayenne and Panamera models.
Accident prevention features to affect vehicle safety ratings?
Mon, 08 Apr 2013To score high on the government's five-star safety program, car companies may soon need to do more than just protect passengers during a crash. They might need to keep their customers out of accidents, too. That would be a boon to suppliers selling such equipment as radar and video cameras that watch the road ahead.