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Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.

Design Contest: Freightliner 'Pride & Profit'

Freightliner, the iconic American truck manufacturer, is hosting a design contest to create the next generation of its 'Pride & Profit' trucks. Steeped heavily in American history, Freightliner has been the backbone of small and large businesses throughout the country. Taking this into consideration, as well as Freightliner's own visual identity, contestants are asked to present their interpretation of a heavy-duty truck for the year 2030.

Mercedes-Benz rolls out new Unimog

Mercedes-Benz has just presented a new generation of Unimogs to the public at the Agritechnica 2013 expo in Hanover, Germany. We're guessing that an event called Agritechnica doesn't need a translation, and neither does the Unimog, though perhaps not too many people on this side of the Atlantic know that its name is derived from Universal Motor Ger