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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.
TVR set for 2015 comeback
Fri, 28 Jun 2013TVR's new owner, Les Edgar, has dated 2015 as the company's comeback, as they plan to have a two-car range costing 50,000-80,000 pounds ($76,155-$121,848). Having produced cars such as the Griffith, the Grantura, the Cerbera, the Chimaera, the Tuscan and the Sagaris, TVR hopes to continue and evolve this spirit after a production hiatus in 2006 due to ownership change. "It is a well-thought-out business plan, and at the root is the requirement to make money,” stated Edgar in an interview with Autocar.
Chrysler and Nissan lead March sales gains
Tue, 01 Apr 2014Chrysler Group and Nissan Motor Co. posted solid gains in March U.S. sales, while Toyota Motor Corp., General Motors and Ford Motor Co.