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Porsche finally becomes a VW company
Thu, 05 Jul 2012Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.
India turns the screw on luxury car makers
Thu, 24 Mar 2011Land Rover will still be sending CKD to India despite the rise in import duty India’s economy is growing almost exponentially, as a result of which it has a big, rising middle-class with much the same aspirations as the middle-class in the West. Those aspirations include the accumulation of status symbols considered worthy of representing their success and new wealth, none more so than a good set of wheels. So it’s no surprise that the mainstream luxury car makers – Jaguar, Land Rover, Mercedes, Audi and BMW – are ready, willing and able to provide exactly what India’s middles classes are looking for.
McLaren X-1 - rebodied MP4-12C supercar (2012)
Fri, 17 Aug 2012Sometimes, the best just isn’t good enough. That’s why a wealthy anonymous car collector – garage already full of McLaren F1, McLaren Mercedes SLR and MP4-12C, and goodness knows how many fabulous non-McLarens – thought he’d like to produce his very own one-off supercar. The new McLaren X-1, which makes its debut at The Quail, part of the Pebble Beach weekend, is the result.