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How Porsche will be integrated into VW

By 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.

Steve McQueen Porsche 911 hammers at $1.375 million during RM Monterey auction

Setting a world record for a Porsche 911 sold at auction, Steve McQueen's 1970 Porsche 911S went to a new owner for a cool $1.375 million during RM Auctions' Monterey event on Friday. The 911 wasn't just owned by McQueen; it also featured prominently at the beginning of the film Le Mans as the lead character, played by McQueen, drives through France reflecting on the realities of racing. Hagerty's Rob Sass and I checked out the car on Wednesday night at the RM Auctions preview.

Lexus Premium Compact Concept – a 1-series by Lexus

Lexus's new compact premium hatch – the little Lexus to rival the 1-series By Gareth Evans First Official Pictures 17 August 2009 10:03 Lexus today issued a sneak peak at its new Premium Compact Concept ready to make its public debut at the 2009 Frankfurt motor show in mid-September.Think BMW 1-series by Lexus, and you'll get the idea. Not that you'd know too much from the solitary teaser sketch released today.Details are vague at present, with only the above sketch and no technical information available to showcase the long-awaited little Lexus. Expect more details and pictures to be announced in a few weeks' time – but we hear there is likely to be hybrid power for the compact premium car.