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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Horror crash drivers offered training course
Tue, 21 Jan 2014POLICE who found enough evidence to prosecute 32 motorists following a 150-car pile-up have offered to send them on a driver alertness course instead. A senior police officer said handing the drivers a chance to go on the course would be more beneficial than putting them before the courts. The decision to spare drivers prosecution follows a four-month investigation by specialist collision investigators and case review staff from Kent Police.
Citroen DS3 hits 200,000
Fri, 16 Nov 2012The upmarket Citroen C3 – the very appealing Citroen DS3 – has hit the 200,000 production mark this week, a little over 2 years from launch. But we had to do a complete volte face when we finally had the new Citroen DS3 in for review – it’s an absolute cracker. In fact, so impressed were we with the DS3, we thought it probably the best car we’d had in during 2010, something Top Gear ended up agreeing with us on when they made it their car of 2010.