Ranch Hand Ggc07hbl1 Legend Series Grille Guard 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.

BMW M1? Or BMW M8?

BMW M8 Render We’ve had the rumours of a ‘New’ BMW M1 Supercar for what seems like forever. Many have said that the only M1 BMW will make will be an M version of the 1-Series. But we don’t buy that.

Toyota recalls 6.58 million cars – 35,000 in the UK

The Toyota Yaris (pictured) – one of the Toyotas recalled It seems Toyota has decided its dealer service centres aren’t busy enough, so it’s revealed a massive series of recalls for 6.58 million Toyota’s around the world – and 35,124 in the UK – to fix a raft of problems. The cars affected are the RAV4, Hilux, Yaris and Urban Cruiser models, and although no accidents or injuries have occurred as a result of the problems, Toyota are taking no chances. The Rav4 and Hilux models are being recalled to fix a spiral cable assembly in the airbag module where the shape and location of a retainer for the flexible flat cable could damage circuitry when the steering wheel is turned.