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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.
Hey Craig Jackson, how did the auction go?
Thu, 24 Jan 2013Plenty of people were surprised this week that the original Batmobile sold for $4.6 million* at Barrett-Jackson. And few were more surprised than Craig Jackson, the ringleader behind the mega-million-dollar auction in Scottsdale. The last time we spoke to him, he had estimated the original Batmobile to be worth somewhere around $2 million (later $3-4 million, as he now said).
Jaguar F-Type caught in Colorado ahead of Paris motor show debut
Wed, 29 Aug 2012Sharp-eyed Autoweek reader Robert Burkhardt has sent us a photo of what appears to be a camouflaged Jaguar F-Type caught driving in the mountains near Denver. Jaguar hasn't exactly been shy about showing off the F-Type in recent months. To generate buzz about the upcoming two-seater, the company has released teaser shots of a different camouflage-wrapped F-Type plastered with prominent “Search F-Type” stickers.