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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.

Lotus unveils Grand Prix-inspired Exige S LF1 (2014)

By Michael Karkafiris First Official Pictures 11 June 2014 13:45 Lotus has unveiled a new limited-edition Exige S with the moniker LF1, paying tribute to its 81 Grand Prix victories. Dressed in the official colours of the Lotus F1 team, the black-gold Exige S with red accents will be limited to 81 units. Each one is individually numbered with a carbonfibre build plate.

Diesel Smart to become UK’s cleanest by 2009

By Guy Bird Motor Industry 17 June 2008 10:30 From February 2009 the cleanest conventional-engined car you can buy will be a diesel Smart Fortwo. That’s the date set for the launch of a right-hand drive version of the city car brand’s oil-burning two-seater Fortwo coupe and cabriolet already on sale in Continental Europe. The incredible economy and emissions stats – 85.6mpg and 88g/km of CO2 – are streets ahead of current low emitter champions like the VW Polo 1.4 TDI Bluemotion and Seat Ibiza Ecomotive, both offering 74.3mpg and 99g/km.