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Zagato & CPP in Joint Venture. Really, they are.
Wed, 20 Jul 2011Bentley Zagato - the catalyst for the CPP Zagato deal A couple of weeks ago we reported that CPP – owners of Spyker and Bowler – has quitely gobbled up Milanese Car Design Studio Zagato at some point in 2010. Which made sense. It made sense because it is CPP that builds many of the Zagato cars you can think of.
Porsche finally becomes a VW company
Thu, 05 Jul 2012Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.
Cuba removes new car purchase restrictions
Fri, 20 Dec 2013Granma, the Communist Party’s newspaper of record in Cuba, said Wednesday that the Council of Ministers approved regulations that “eliminate existing mechanisms of approval for the purchase of motor vehicles from the state.” That means the sale of new and used cars will be allowed to the public. Up until now, Cubans could buy and sell vehicles to each other, but they had to request permission from the government to purchase a new vehicle -- the main reason for the island's unique automotive landscape. The new laws will be enacted gradually, according to Granma, with a set minimum price.