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Ferrari future products: Replacements due for the 430 Spider, the 599 GTB Fiorano
Tue, 09 Aug 2011Ferrari will replace two of its five core models, the 430 Spider and the 599 GTB Fiorano, in the next two years, while adding a sportier variant to its best-selling model, the 458 Italia. Here is a look at Ferrari's future product plans: 458 Italia: U.S. shipments of Ferrari's best-selling model began in June last year.
SEAT Alhambra (2010 / 2011) revealed
Mon, 19 Apr 2010SEAT has revealed the 2011 Alhambra After we had the official reveal of the 2010 VW Sharan last month at Geneva, it’s not a huge shock that we now get the reveal of SEAT’s version of the Sharan – the SEAT Alhambra. We don’t think SEAT had planned on revealing the Alhambra quite yet, but there are undisguised spy shots flying around the Interweb so they obviously decided to be pragmatic and send out some info – and pictures – earlier than planned. Just like the Sharan, the latest Alhambra is an all new job based on VW’s new flexible MQB platform so, just like the Sharan, the Alhambra is wider and longer than the current model, but also weighs less.
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.
