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Schumacher won’t be back
Tue, 11 Aug 2009Michael Schumacher's motor bike accident in February has spoiled his comeback Well. it appears that it is indeed a step too far for the 40 year old Schumacher. He suffered a neck injury earlier this year whilst out playing with motor bikes to get his adrenalin fix.
2015 Ford Mustang will perch atop Empire State Building
Tue, 25 Mar 2014Ford is celebrating the Mustang's 50th anniversary in style. In addition to the cross-country tour and sporadic events across the world, Ford will repeat what it did to introduce the Mustang convertible 50 years ago, setting it on top of the Empire State Building during the New York auto show. So, you might guess Ford would use one of those super cranes to get the car up there, but even the best portable units can only go up 50 stories or so; the observation deck at the Empire State Building is on the 86th floor.
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.