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Ford sets price for 2011 F-150 SVT Raptor
Fri, 08 Oct 2010Ford has released prices for the 2011 F-150 SVT Raptor SuperCab and SuperCrew pickup trucks. The SuperCab will cost $43,525 while the four-door SuperCrew will cost $45,290. Both prices include a $975 destination charge.
How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
GM wants to wrap up Opel sale quickly
Wed, 12 Aug 2009General Motors is anxious to wrap up the sale of Opel, a top executive said Tuesday. The bidding has been narrowed to Canadian auto parts conglomerate Magna--which is favored by the German government--and Belgian investors RHJ International. "I think everyone is anxious to get this thing done," GM CFO Ray Young said, according to Automotive News.