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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.
CDOTY awards presented at Auto Design Night Geneva
Wed, 04 Mar 2009Car Design News, in partnership with Interior Motives magazine, hosted the fourth annual Auto Design Night event at La Sip nightclub in Geneva last night. With more than 300 attendees reading like a who's who in automotive design, designers were able to reconnect with old friends and make new acquaintances in a comfortable and inviting environment. One of the highlights of the evening's festivities included the presentation of the fourth annual Car Design News Car Design of the Year Awards (CDOTY), recognizing the most publicly acclaimed concept and production car designs of 2008. Car Design News Editor Eric Gallina presented the award to BMW Group Design in the Concept Car category and General Motors Design for the Production Design category.
New Mercedes A Class to spawn electric version made by Tesla
Sun, 20 May 2012New Mercedes A Class EV on the way via Tesla It would appear that Mercedes-Benz are planning an electric version of the new Mercedes A Class with a powertrain by Tesla. The new Mercedes A Class arrived at the Geneva Motor Show in March as the Mercedes answer to the BMW 1 Series, and a very convincing new A Class it looks too. From an entry-level A Class which will get a Renault 1.5 litre dCi lump to deliver a sub-99g/km model all the way up (eventually) to a 4WD, 300bhp AMG A Class, it looks like the new A Class will cover the bases for every buyer, and then some.