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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Land Rover unveils Discovery Vision Concept in New York
Tue, 15 Apr 2014Land Rover revealed its Discovery Vision Concept at the USS Intrepid Sea, Air & Space Museum Monday night ahead of the New York auto show. Land Rover says it's a vision of future Discovery vehicles, the first of which is due in 2015. The Discovery is now sold as the LR4 in the United States, but Land Rover says it will eventually shift the name back to "Discovery" for the North American market -- that's what we knew it as when it first made landfall, anyway.
EV Dreams
Fri, 31 May 2013Many people are passionate about their cars. “I'm a Ford man,” one says or, “Camaros rule!” says another. But does the depth of that passion extend to your retirement account?