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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Infiniti Q50 Revealed: 2013 Detroit Auto Show
Mon, 14 Jan 2013The new Infiniti Q50 – replacing the G37 and the first of Infiniti’s ‘Q’ badged cars – has been revealed at the 2013 Detroit Auto Show. The Q50 is still unmistakably an Infiniti – but a better looking one – with the trademark curves and grill still intact but with a bit of added oomph from a new look inspired by the Infiniti LE Concept we saw in New York last spring. The Infiniti Q50 is both longer and wider than the old G37 – lower too – and a lot slippier, with a drag coefficient of just 0.26 thanks to the sleeker bodywork and lower stance.
GM's Henderson: Corvette's future is secure
Wed, 06 May 2009The future of the Chevrolet Corvette is secure, General Motors CEO Fritz Henderson says, even as GM dramatically slashes its size and costs. In an exclusive interview with AutoWeek, Henderson says that not only is the Corvette's current platform undergoing continual development, but the future seventh-generation car, dubbed the C7, also is on track. He would not specify when the C7 Vette would hit showrooms.