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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.
Ferrari Enzo abandoned in Dubai is NOT for sale
Sun, 29 Apr 2012The Ferrari Enzo abandoned in Dubai The Enzo Ferrari abandoned in Dubai for 18 months, and reportedly due to be auctioned off, is not being sold according to reports from the Emirates. The Interwebs have been full of an Enzo abandoned in Dubai and gathering dust being impounded by police and auctioned off this week. But we didn’t run the story.
Volvo XC60 Plug-in Hybrid Concept Details
Wed, 04 Jan 2012Volvo XC60 Plug-in Hybrid Concept Ahead of a launch at Detroit next week, Volvo releases details of the XC60 Plug-in hybrid concept and a raft of photos. Despite calling the Detroit-bound Volvo XC60 hybrid a concept, it’s clear that the hybrid crossover/SUV is heading for a production model, probably sometime later in 2012. And what better place to showcase a petrol-engined hybrid (the XC60 Hybrid is a petrol-engined hybrid, unlike the diesel-engined V60 plug-in hybrid) than in the US, where diesel is still the fuel of Satan for most?