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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Volvo S40 DRIVe – Green Car of the Year
Tue, 09 Jun 2009Volvo S40 DRIVe - Green Car of the Year 2009 The latest trinket to come Volvo’s way is ‘Green Car of the Year’ – awarded by What Car? – for the Volvo S40 DRIVe with stop start. And it wasn’t as if there was no competition.
Maserati head to India
Sat, 09 Apr 2011Maserati Quattroporte will be the big seller in India It’s not a surprise that Maserati has announced it’s going to enter the marketplace in India, very sensibly in partnership with Indian luxury retailer the Shreyans Group, who also import Ferrari. After all, just about every other car maker is rushing headlong to the sub-continent to cash-in on India’s booming economy and Maserati wants a piece of the action. It doesn’t matter whether you’re Tata selling the Nano for a plate of rice and a cow’s udder, or Bugatti wanting a Maharajah’s Palace in exchange for their hypercar, it’s boom time in India at almost every level of consumption.