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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Citroen DS 5LS: Big luxury Citroen saloon for China
Mon, 23 Dec 2013Citroen DS 5LS: Big luxury Citroen saloon for China Citroen has never really had much success, at least not in recent years, with big, luxury saloon cars. But it’s having another go with the Citroen DS 5LS, a large luxury saloon based on the Citroen DS5 hatch. But the DS 5LS isn’t a car aimed at world markets, but one Citroen has conceived and is building for the car market in China where big luxury saloons – with plenty of room in the back – are much in demand.
Jaguar F-Type: New interior photos
Wed, 26 Sep 2012We have new photos of the interior of the Jaguar F-Type and extra exterior pictures ahead of its debut tomorrow. There’s not going to be a huge amount for Jaguar to reveal when they debut the new F-Type tomorrow. We had a single photo leak last week, and this week we’ve had price and performance information on the F-Type too.