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Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.
New Range Rover Sport in New York
Wed, 08 Apr 2009The newly refreshed Range Rover Sport takes at bow at the New York Motor Show Land Rover are working hard to keep their main models up to date and fresh before an all new set of cars arrives in a couple of years. And the big news with the Range Rover Sport is really under the skin. Out goes the old supercharged 4.2 and the somewhat breathless 2.7 diesel, and in comes the brute of a 5.0 litre supercharged lump from Jaguar that has also gone in to the new Range Rover (and the LR4 – but not for the UK – why not?), and the terrific 3.0 litre diesel that also graces the Jaguar.
Jaguar F-Type caught in Colorado ahead of Paris motor show debut
Wed, 29 Aug 2012Sharp-eyed Autoweek reader Robert Burkhardt has sent us a photo of what appears to be a camouflaged Jaguar F-Type caught driving in the mountains near Denver. Jaguar hasn't exactly been shy about showing off the F-Type in recent months. To generate buzz about the upcoming two-seater, the company has released teaser shots of a different camouflage-wrapped F-Type plastered with prominent “Search F-Type” stickers.