Glowshift Gauges on 2040-parts.com

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Teen driver safety: The GDL Kickback

News that fewer teenagers are getting driver's licenses has been greeted with consternation in some corners, but it couldn't make the insurance industry happier. There are lies, damned lies and statistics--and sometimes legitimate, measurable trends. While some experts have quibbled about how some states report their information, no one argues the basic point: More teenagers are forgoing a driver's license longer than at any time in at least 20 years.

Chrysler recalls Wrangler, Compass and Patriot

Chrysler Group said today it will recall more than 220,000 units of the Jeep Wrangler to fix a transmission flaw and 409,000 units of the Jeep Compass and Patriot worldwide to fix a software glitch that could stop airbags and seatbelts from working in a crash. The recalls add to a growing list of safety problems at Chrysler, which stunned the auto industry this week by taking the rare step of rebuffing a recall request from the National Highway Traffic Safety Administration. On Tuesday, Chrysler refused to recall 2.7 million units of the 1993-2004 Jeep Grand Cherokee and 2002-07 Jeep Liberty, claiming that the vehicles were built in compliance with safety standards and are not more accident-prone than other vehicles of the time.