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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Infiniti to build new compact hatch at Sunderland from 2015
Wed, 19 Dec 2012Infiniti will build its new posh family hatchback at Nissan's Sunderland factory from 2015. The landmark contract will create 1000 new jobs in the UK, 280 of which will be in the Sunderland plant itself. It's the latest thumbs up for the facility, which currently stamps out around 2000 new Nissans every day.
Art Center Car Classic is a feast for the eyes
Wed, 26 Oct 2011If you can only go to one car show a year . . .