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Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.
Maserati GranTurismo S MC Sportline revealed
Tue, 01 Dec 2009The Maserati GranTurismo S MC Sportline - revealed at Yas Marina I wonder if they’re going to have to fit an extension to the boot to get all that on the back of the car – Maserati GranTurismo S MC Sportline? It’s a bit of a mouthful, but what it is is a Limited Edition GranTurismo just for the Middle East Market. Just 12 GranTurismo S MC Sportlines are being built.
Win tickets for this weekend’s Goodwood Festival of Speed – but be quick!
Wed, 25 Jun 2014Be quick to grab a pair of tickets for the 2014 Goodwood Festival of Speed The Goodwood Festival of Speed is the highlight of the year for petrolheads from around the world, with a mix of the very best supercars, classic cars and all things related gathering at Goodwood for a three day celebration (well, four if you count the Moving Motor Show tomorrow). But if you’ve left it late to grab tickets, you’re out of luck – they’re all long gone. But we do have a pair of tickets for Sunday up for grabs thanks to Car Loan Warehouse, who kindly phoned us up to offer tickets for a lucky Cars UK reader.