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How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
Fisker expects to partner with automakers
Sat, 08 Dec 2012Fisker Automotive's CEO, warning of the pitfalls facing independent small automakers, says the luxury plug-in hybrid manufacturer is poised to partner with other automakers next year. Tony Posawatz, Fisker's CEO and former chief engineer of the Chevrolet Volt, told Automotive News that Fisker is in talks for three potential deals in which executives at the "highest levels" of the companies involved are "talking specifics." "We are absolutely committed to making this company win longer term, and the history of smaller companies living on their own in the automotive business is not stellar," Posawatz said in an interview. "We are not going to go it alone." Posawatz said alliance deals could be completed within the next year.
Group 2 Dodge Challenger echoes past SCCA racers
Tue, 25 Aug 2009Among muscle cars--even among Dodge Challengers, new or old--the Classic Design Concepts Group 2 Challenger stands out. Winner of the Chrysler Design Excellence Award at the 2008 Specialty Equipment Market Association show in Las Vegas last November, the Group 2 Challenger moves from concept to production this month as Michigan-based Classic Design Concepts begins building its version of the Dodge performance coupe. The Group 2 appearance package, inspired by the wide-body SCCA Trans-Am Group 2 race cars of the 1960s and '70s, includes custom carbon-composite lightweight front fenders and billboard-style rear fenders, aerodynamic front spoiler wings, Group 2 badging and mongo 20-inch wheels and tires.