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Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.
Korea to build more Nissan Rogues for U.S. market
Fri, 20 Jul 2012Nissan is turning to Korean automaker Samsung to take the heat off its North American production needs as it struggles to stay a step ahead of U.S. sales forecasts. Nissan is expanding its two big U.S.
NHTSA probing coolant leak in Porsche 911?
Tue, 30 Apr 2013In another embarrassing failure to understand what they're supposed to be regulating, the NHTSA has announced that they are investigating a “coolant leak” in Porsche 911s that were built with the GT1 engine block between 2001 and 2007. Maybe when they said coolant, they were talking about the oil that circulates in a 911 to keep the engine cool? Next thing you know, they'll be checking out fuel pumps on the Tesla Model S!