Pair Of Vw Volkswagen Beetle Rear Fenders 1973 Up, Modified Fiberglass 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.

GM weighs moving next GMC Sierra upscale

General Motors will do more to differentiate the GMC Sierra from the Chevrolet Silverado when redesigned versions of the pickups go on sale in the first half of 2013. Sierra models may get a longer list of standard equipment and a higher sticker price than comparable Silverados, Mark Reuss, GM president of North America, said in an interview at the Detroit auto show. A similar strategy has proved successful in differentiating GMC's Terrain and Yukon models from Chevrolet's Equinox, Tahoe and Suburban.

Owners claim Ford V6 EcoBoost engine defects

Ford Motor Co. is being sued by three vehicle owners in Ohio because of alleged defects in the automaker's six-cylinder EcoBoost engine. According to the lawsuit, the 3.5-liter V6 EcoBoost engine "contained serious latent design, manufacturing, or assembly defects" that cause vehicles to shake, misfire and rapidly lose power.