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Porsche Macan means 1,000 extra jobs at Porsche
Wed, 13 Mar 2013The Porsche take on the Audi Q5 – the new Porsche Macan – looks set to be Porsche’s biggest selling model ever and means 1,000 new jobs at Porsche. The ‘baby’ Cayenne – the Porsche Macan – is Porsche’s take on the Audi Q5 and a model that looks set to take Porsche’s sales to levels undreamed of a decade ago (pre-Cayenne). But although the Macan is based on the Q5 – just as the Cayenne shares its underpinnings with the Q7 and Touareg – Porsche say it will still be a red-blooded Porsche – the ‘Sports’ car in its sector – when it goes on sale later in 2013, so we don’t expect to see a lethargic eco diesel under the bonnet, although a fettled 2.0 litre TDI is highly likely.
Chrysler sold in £3.76 billion deal
Thu, 17 May 2007By Ben Whitworth Motor Industry 17 May 2007 09:38 Chrysler has been sold. In one of the biggest private equity deals seen in the automotive industry, Cerberus Capital Management has purchased 80.1% of Chrysler in a £3.76billion deal, leaving DaimlerChrysler with the remaining 19.9% stake in the loss-making company. The move marks the close of arguably the most high-profile transatlantic merger and shuts the door on Canadian car assembly giant Magna and billionaire Kirk Kerkorian, who last month offered £2.27billion for Chrysler.
Geneva 2014 debut for Vauxhall Astra VXR Extreme concept
Thu, 30 Jan 2014Vauxhall will unveil its fastest Astra model ever at this year’s 2014 Geneva Motor Show when it pulls the covers off its Astra VXR Extreme concept car. According to the British firm, the Extreme will be even more powerful than the standard Astra VXR, boasting lightweight components that make the race track “the car’s natural environment.” On Bing: see pictures of the Vauxhall Astra VXR Find out how much a used Vauxhall Astra VXR costs on Auto Trader The first image of the vehicle shows a low, aggressive looking car featuring revised aerodynamics – including that massive rear wing – and a new dual-twin tailpipe setup. These changes over the standard VXR won’t be the most significant, however.