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2014 Morgan Plus 8 Speedster is a retro road racer
Tue, 06 May 2014Morgan is celebrating 100 years of building cars at its factory at Pickersleigh Road in Malvern with what it promises will be a series of special vehicles, appearing throughout 2014. The first of these is the Plus 8 Speedster– and it is special indeed. For starters, as the Speedster name implies, it comes without a traditional windscreen and roof.
Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.
Nissan recalls nearly one million vehicles for airbag problem
Thu, 27 Mar 2014Nissan is recalling nearly one million vehicles for a problem with the airbags. The occupant classification system (OCS) may incorrectly think that the passenger seat is empty when it is occupied by an adult, failing to activate the airbag in a collision. Cars affected include the 2013-2014 Leaf, Altima, Pathfinder and Sentra, as well as the 2013 NV200, 2013 JX35, 2014 QX60 and the 2014 Q50.