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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.

Future products: Land Rover will get hybrids, smaller vehicles

New owner Tata Motors promises that Land Rover will add smaller vehicles and hybrid powerplants, but it hasn't said much about the timing. Land Rover will continue to share components with Jaguar, which is also under Tata ownership. Land Rover already uses Jaguar's 5.0-liter V8 engine in all but one of its vehicles.

Pre-order the new Dacia Duster for just £100

Dacia Duster for just £100 deposit Dacia’s aggressive marketing for the launch of the Duster and Sandero continues with pre-orders needing just £100 deposit. At the beginning of April Dacia told us that they would be offering ‘Shockingly Affordable’ prices in the UK when the Dacia Brand – Renault’s budget offering – arrives in showrooms. Now we’re at ’75 Days to Launch’ according to Dacia (although that’s just the point when Dacia reveals prices for the Duster and Sandero – cars won’t arrive until January 2013) they’ve announced that you can pre-order a new Dacia with just £100 deposit.