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Autoweek in review: Ferrari teases supercar, Mini flips out and the 2013 Porsche Panamera GTS
Fri, 22 Feb 2013While many of us spent Monday honoring our favorite presidents (still Taft, Van Buren and R.B. Hayes), Ferrari teased us with shots of its Enzo successor and gave us some pricing details. By now you should have saved at least 20 bucks toward that $1.3 million.
New BMW 2 Series M Performance Parts revealed
Fri, 29 Nov 2013The new BMW 2 Series (pictured) gets a range of M Performance Parts The opposite side of the coin from debadging your high-end BMW so no one knows you’re packing a big punch is adding M Performance parts to turn your lowly diesel in to something that looks like it will win every traffic light grand prix going. And when the new BMW 2 Series Coupe – the replacement for the 1 Series Coupe – arrives in the UK in March 2014, buyers will have a wide range of options from the BMW M Performance Parts offerings to tweak the interior and exterior looks, suspension and the engine. Power upgrades are available for the 220d Coupe which increase the output of the 4-cylinder diesel by 16bhp and adds an extra 29lb/ft of torque for a new output of 197bhp and 310lb/ft of torque, despite which official economy figures remain unchanged.
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.