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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.

2013 Dacia Sandero Revealed

The new 2013 Dacia Sandero 2 – a Fiesta sized budget offering – has been revealed ahead of a public debut at the 2012 Paris Motor Show. Yesterday we had news of Renault’s cut-price Dacia Logan – which may come to the UK – and today we get news of the Dacia Sandero 2 – beloved by James May – which will debut at Paris at the end of the month and is definitely heading for the UK. The Sandero has been a big-seller throughout Europe for years but now, with the launch of the Sandero 2, Dacia has decided the time is right to make their budget supermini available in the UK alongside the new Dacia Duster SUV.

Audi R8 V8 Limited Edition launched to celebrate Le Mans win

Audi R8 V8 Limited Edition Audi has had an incredible run at Le Mans, and is celebrating in style by launching the Audi R8 V8 Limited Edition in to the UK market. Despite the R8 Limited Edition being built to mark Audi’s Le Mans triumphs, the R8 doesn’t get a diesel engine or more power. What it does get is a bit of a cosmetic makeover and a list of goodies dropped in.