Brand New Premium Quality Power Steering Rack And Pinion - Mercedes C300 & C350 on 2040-parts.com
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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.
Volkswagen Taigun poised for production
Mon, 15 Jul 2013Update: We've added a video of the VW Taigun in action. Check it out below. Volkswagen has moved a step closer to joining the small-SUV ranks -- it will produce its compact Taigun, VW sources told Autoweek.
Who's Where: Nicolas Huet named PATAC exterior design director
Fri, 24 May 2013Nicholas Huet has joined PATAC as exterior design director. Based in Shanghai, he will report directly to design director Holt Ware. French-born Huet, who spent 20 years at BMW as a designer, is in charge of the exterior PATAC design department, working on Chinese-specific programs as well as GM Global programs.