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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.
Hyundai ix35 teased ahead of Frankfurt
Mon, 17 Aug 2009The Hyundai ix35 teased ahead of Frankfurt (click for full image) But in Europe, it has been sales of the Hyundai Tucson that have driven Hyundai’s sales. An able and competent small SUV – at a bargain price – it has racked up some quite impressive sales. But it’s time to move on, and Hyundai will be revealing the Hyundai ix35 at the Frankfurt Motor Show next month as the Tucson’s replacement.
Peugeot 3008 HYbrid4 & Peugeot RCZ HYbrid4 at Frankfurt
Tue, 18 Aug 2009Peugeot are bringing the Peugeot 3008 HYbrid4 - a diesel Hybrid - to Frankfurt But not just the Peugeot RCZ HYbrid4. The RCZ’s sibling – at least platform-wise – is the 3008. And Peugeot are bringing a Peugeot 3008 HYbrid4 – a diesel Hybrid version of the new Peugeot 3008 – to Frankfurt as well.
