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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.

Saab back online as NEVS rebuilds the Saab Brand

The Saab website has now come back online with NEVS (National Electric Vehicle Sweden) outlining its plans to rebuild the Saab Brand. Back in September the long-running Saab Saga was finally concluded, with the sale of what’s left of Saab after Victor Muller’s  little adventure saw Saab left as nothing more than another defunct icon brand from the annuls of motoring history, with NEVS taking control of Saab. The plan is to build a range of electric cars in Trollhattan and China, initially based on the Saab 9-3 platform but eventually developing the Phoenix platform in to the basis for Saab’s future.

Honda continues with winning formula for CR-V

Honda published the details of the 2013 CR-V small SUV on Friday. It was revamped last year so it basically carries on with minor changes. The CR-V is among the best-selling SUVs in America and will get more than 30 mpg on the highway from a 2.4-liter four-cylinder engine with 185 hp and 163 lb-ft of torque.