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Wellsboro, Pennsylvania, US
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Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.
Subaru XV
Tue, 13 Sep 2011Subaru has revealed the new XV at the 2011 Frankfurt motor show, taking the company into the compact crossover segment for the first time. Like its concept precursor, the XV features a hexagonal grille and 'hawk eye' headlamps, designed to emphasize the vehicle's brand identity. Alloy wheels and cut-away cladding also aim to give the car a distinctive feel.
Volkswagen updates Scirocco
Sat, 15 Feb 2014Volkswagen has revealed an upgraded Scirocco, which will make its world premiere at the Geneva motor show in early March. Among the changes to Wolfsburg’s 6-year-old coupe are some subtle exterior changes, higher quality interior, and new four-cylinder engines, including a 276-hp version of Volkswagen’s EA888 turbocharged 2.0-liter in the new top-of-the-range Scirocco R. Other engines include a 1.4-liter, 123-hp four and a 2.0-liter producing 177 hp, 217 hp or 276 hp.