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Porsche to take majority stake in VW for £7bn

By 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.

VW e-up! electric city car costs £24,250

VW e-up! electric city car costs £24,250 The Volkswagen e-up! (we’ve already done the northern jokes) was revealed back in March as VW’s weapon of choice for the electric city car market and now, with the e-up!

Nissan NV200: Nissan’s take on the London Taxi

Nissan is taking on the Black Cab market with the Nissan NV200 London Taxi, expected to go on sale in 2014 from around £30k. It may not be the biggest market in the car world, but the profile of the London Taxi makes it a worthwhile target for car makers. Mercedes recently took on the traditional Black Cab with their Vito-based taxi and did a very good job – but at a price; the Mercedes Vito Cab costs around £42k, almost £10k more than the traditional London Taxi.