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Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.
2014 Nissan Sentra will start at $16,800
Tue, 19 Nov 2013Nissan's seventh-generation Sentra has proved to be a successful model for the brand, with sales up 16.6 percent. It was announced today that the 2014 Sentra will start at $16,800 for the base model including destination, the same as the 2013 model. Nissan will be making some improvements to the Sentra to further enhance its “class above” look and feel.
Toyota recalls more than 30,000 Prius hybrids in UK
Wed, 12 Feb 2014Toyota Toyota is recalling 1.9 million Prius models worldwide as it seeks to correct a software fault in the control system for the hybrid drive system. That’s more than half the total number of Prius cars produced since the hybrid was introduced in 1997. The recall affects the current, third-generation Prius, which has been in production since March 2009.