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Two of Detroit Three bail on Tokyo show, Ford wavering
Fri, 18 Feb 2011Two of Detroit's three automakers are confirmed no-shows for this year's Tokyo Motor Show, with the third uncommitted as the deadline nears. General Motors Co. and Chrysler Group LLC will sit out the December event, skipping the show for a second straight time.
How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
Government abandons plan to make driving test tougher
Sat, 24 May 2014Proposals to make learning to drive much tougher in a bid to improve road safety amongst young people have been abandoned by the government, Radio 1’s Newsbeat reports. The changes would have involved the introduction of a probationary licence for the first 12 months, a curfew on driving late at night and compulsory lessons on motorway driving. But plans have been scraped because they would restrict young drivers’ lives too much.