Omc 0303285 303285 Screw, Cable Clamp @ 2 (screw Only) on 2040-parts.com

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.

2013 Hyundai Veloster Turbo to start at $22,725

Hyundai has released pricing details for the 2013 Veloster Turbo, giving it a starting price of $22,725 for the manual-transmission-equipped model. Specifying an automatic transmission will cost you $1,000 more. In addition to the turbocharged 1.6-liter powerplant that produces 201 hp and 195 lb-ft of torque, the Veloster Turbo also includes a unique body kit and wheels, as well as LED headlight accents and taillights.

Automakers scrap diesel plans

Mainstream carmakers have put the brakes on nine diesel-powered vehicles that had been scheduled for 2010. Honda, Chrysler, Ford, General Motors, Nissan and Toyota have halted diesel programs because of spiraling costs and other problems. Financial problems halted the programs at some companies.