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GTbyCitroen does London
Tue, 23 Jun 2009The GTbyCitroen has been out seeing the sights in London And so it has been lately with the Citroen Supercar – the GTbyCitroen. We’ve had the news that the UK debut of the GT Citroen will be at the Goodwood Festival of Speed in July – where it will tackle Goodwood’s Hillclimb – and just a few weeks before we learnt that the GTbyCitroen was going to make an appearence and put in a parade lap at Le Mans. And now, no doubt because the GTbyCitroen is in the UK for Goodwood, Citroen has been out playing at London Tourist – blatting around town in the GT.
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.
Ford Focus ST 2012 Revealed
Wed, 15 Sep 2010Ford Focus ST 2012 Well, we managed to get the colour pretty much spot on when we reported that Ford where taking the new Focus ST to the Paris Motor Show this year. Mind you, an orange ST is not a huge surprise. And, if you care, it’s called ‘Screaming Orange’.