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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Where did the word 'automobile' come from?
Mon, 06 Jan 2014On Jan. 3, 1899, the New York Times printed the word "automobile" upon its austere pages. It wasn't the first publication to do so; Scientific American used the phrase "automobile carriage" in a May 14, 1898, review of the Winton Motor Carriage, but the Grey Lady -- a more influential publication -- was the first to debate the term.
Porsche Panamera: Long Wheelbase planned
Mon, 14 Feb 2011Porsche Panamera LWB Planned Now Porsche is just a Volkswagen company, it has to look to yield value across its range. It also has to contribute to keeping emissions in check across its performance cars to keep the average CO2 in check. Which explains not just the Cayenne Hybrid, but our story yesterday that the Porsche Panamera Hybrid will bow in at Geneva and the news that Porsche will introduce hybrid cars across its range.