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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.
Nissan Leaf wins Car of the Year in Japan
Mon, 05 Dec 2011The Nissan Leaf electric car has won Japan's Car of the Year award. It's the first time in the award's history that the honor has gone to an electric car. The Leaf was praised for its high-performance electric motor, quietness, ride comfort and handling stability.
Car thieves shun 4x4s
Tue, 01 Jul 2008By Nigel Wonnacott Motor Industry 01 July 2008 11:36 Greens hate their CO2 emissions, campaigners may question their safety record and owners might be feeling the pinch at the pump. But 4x4s can claim at least one advantage over smaller cars; they are among the least likely types of car to be stolen. According to the latest Home Office Car Theft Index, just four in every thousand 4x4s and people carriers in Britain were stolen in 2006, compared to seven for Fiesta and Astra-sized cars.