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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.
Boris drives a Tesla Roadster
Mon, 19 Jan 2009Boris test drives the Tesla Roadster [ad#ad-1] You’ve got to hand it to Tesla, or at least their P.R. people. They are certainly in the news in 2009.
BMW and Local Motors join forces for latest contest
Wed, 19 Sep 2012BMW and Local Motors have come together to launch the Urban Driving Experience Challenge, which launches on 25 September. The contest challenges designers to create the premium vehicle features and functions that will shape the urban driving experience in 2025 and beyond. The Mega Cities of the future will offer a number a new challenges for the automotive industry, such as increasing urbanization, rapid population growth, changing infrastructures and environmental pollution.