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BMW Classic Center opens to customers
Fri, 09 Apr 2010Great news for vintage BMW owners: The German automaker has opened its Classic Center to customers. BMW says global demand for its vintage cars and motorcycles is growing. Its 200 clubs have about 200,000 members, and the company estimates there are 600,000 classic BMWs on the road--and those are just the ones the company knows about.
Illinois man wins two Mustangs
Wed, 27 Jul 2011Thomas Barker, a 24-year-old Illinois resident, has two new Ford Mustangs for his garage. Barker is the winner of the 2011 Mustang Dream Giveaway, taking home a one-of-a-kind 2012 Ford Mustang Patriot Edition Boss 302 and a completely restored 1969 Mustang Boss 302. Only one copy of the 2012 Mustang Patriot Edition was produced.
How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.