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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.

Jeep Altitude package blacks out Compass, Patriot and Grand Cherokee models

Jeep is introducing three special-edition vehicles that will be sold under the Altitude name. The moniker was selected by 100,000 adoring fans voting on Facebook. Blacked-out Altitude versions of the Jeep Patriot, Jeep Compass and the Jeep Grand Cherokee will go on sale in May.

One Lap of the Web: The Worst Cars in the World Edition

-- The first annual "Wal-Mart Car Show" is actually an Internet gallery featuring wood-bedecked Oldsmobiles, sponged minivans, Avatar tribute Silverados, and Subaru Outbacks with giant logs for bumpers. There's no offical judging, so feel free to draw your own conclusions about the drivers of these questionable vehicles. -- A Mitsubishi has many similarities to a Ferrari.