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Porsche to take majority stake in VW for £7bn

By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.

Bentley Mulsanne Speed OFFICIALLY revealed – set to cost £250,000

The Bentley Mulsanne Speed (pictured) arrives to extend Bentley’s Speed family. We reported back in July that Bentley were planning to expand their ‘Speed’ range to include the Mulsanne Limousine, and that we expected to see the Bentley Mulsanne Speed at this year’s Paris Motor Show. And that’s exactly what’s happening.

Fisker Automotive: The road less traveled for hybrids--in style

Fisker Automotive is taking a reverse approach to hybrids. Traditionally, green machines have been small fuel-sippers that hardly quicken the pulses of enthusiasts. Not so fast, says Henrik Fisker, CEO of the startup automaker and a designer who made his mark with eye-catching products at Aston Martin and BMW.