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Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Renault Symbol

As one of the fastest growing automotive markets in the world, Russia and the Moscow Motor Show is gaining its share of the spotlight, with an increasing number of major auto manufacturers choosing to debut new vehicles at the show, just as Renault is with the all-new Symbol/Thalia. Jointly designed by Renault teams in France, Turkey and Romania, the C-segment three-box sedan was developed in 26 months. With a length of 4260mm and a height of 1430mm, the Symbol/Thalia is a no-frills design with abstained lines and surfaces and a larger DLO to body ratio when compared to other European-styled vehicles.

Daimler-Renault alliance to delay new Smart and Twingo models, report says

Renault SA and Daimler AG, who are sharing technology to build the new Smart ForTwo and Renault Twingo cars, will delay the introduction of the models by a year, according to a French newspaper. The cars will now come to market in 2014 instead of 2013, La Tribune said, citing industry sources. The next ForTwo and the third-generation Twingo will be built on Renault's A platform, with ForTwo production continuing at Smart's plant in Hambach, France, and Twingo output at Renault's Novo Mesto factory in Slovenia.