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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.

Toyota is adding another hybrid sedan--the Sai--for the Japanese market

The Toyota brand is getting another hybrid sedan in the Japanese market, a sister model to the Lexus HS 250h that will sport a more powerful engine than the Prius hatchback. The car, to be named the Toyota Sai, will go on sale in Japan on Oct. 20, Toyota Motor Corp.

2014 Skoda Octavia Scout revealed ahead of Geneva Motor Show debut

The 2014 Skoda Octavia Scout (pictured) debuts at Geneva A more rugged, pseudo off-road estate car is a sensible compromise for buyers looking for a bit more ruggedness than a regular estate car offers, but without going to a full-blow SUV or Crossover. So it makes a lot of sense for Skoda to go the ‘Allroad’ route with the Octavia Combi (estate) and give it a touch more rufty tufty and a new name – the Skoda Octavia Scout. The 2014 Octavia Scout has been revealed ahead of a debut at the Geneva Motor Show next month and comes with all the butch add-ons you’d expect.