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.

Split Camaro showcases 'quality' for State Farm agents

From fastidiously original to trailer-park fantasy, State Farm Insurance has merged two ends of the car-repair spectrum in one 1968 Chevrolet Camaro convertible. Don't fret for the “destruction” of this car, as it was sourced from a totaled vehicle that ended its first life via an engine fire. The purpose of the build is to educate insurance adjusters on the various levels of quality in repairs, restorations or modifications that find themselves littered throughout the collector-car world.

Aston Martin DBS Ultimate revealed

Aston Martin DBS Ultimate The Aston Martin DBS Ultimate has been revealed on Aston’s website ahead of any official information on the run-out DBS. We’ve been expecting the Aston Martin DBS Ultimate to emerge from the AML’s PR towers at Gaydon for a week or two now, and it has. But in a slightly odd way.