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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.

Mini is the UK’s Slowest Depreciating Car

That vital tool of the used-car trade, Glass’s Guide, has today revealed that the Mini 1.4TD is the slowest depreciating car in the UK. For the second year running, the Mini tops the table, although even it has slipped a bit – retaining 63.2% of its value over three years, a fall of 7.8% since last year. Mini Diesel - Lowest depreciating car in the UK Glass’s cite the reasons for the Mini’s success as its strong image, a perception of quality and its reasonable running costs.

Top Gear’s Stig spotted – at Loch Ness

The Stig caught by Google's street view on the shores of Loch Ness Two of the biggest mysteries in the UK are the Loch Ness Monster and Top Gear’s Stig. And Google has brought them both together by capturing the Stig standing on the side of Loch Ness on one of its street view cameras. So what’s the Stig doing on the banks of Loch Ness, you may wonder?