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Volkswagen takes stake in Suzuki

VW takes a 19.9% stake in Suzuki We’re back on the co-operation and rationalisation path again, this time with Volkswagen and Suzuki, with the announcement that VW is to take a 19.9% stake in Suzuki, with Suzuki in turn re-investing up to half of the proceeds in to Volkswagen shares. This deal has been on the cards for some time but has obviously been pushed in to reality by the changing landscape for car manufacturers, where they seek to find a more secure future with takeovers, mergers and partnerships. Which is all very logical, even if it will inevitably lead to less choice for the car buyer in the long term.

VW L1 diesel-hybrid concept at 2009 Frankfurt motor show

By Ben Pulman First Official Pictures 15 September 2009 10:30 This slender concept car is VW’s new L1, a diesel-electric hybrid unveiled at the 2009 Frankfurt motor show. Made from aluminium and carbonfibre it weighs just 380kg, and is capable of 189mpg while emitting just 39g/km CO2. Let’s start with the aerodynamics.

Barrett-Jackson Palm Beach auction rakes in $18 million

Barrett-Jackson's Palm Beach auction concluded on Sunday with more than $18 million in sales at the South Florida Fairgrounds. A 2011 Ford Mustang Shelby GT500 crossed the block for $1,000,000. That sale benefited the Wounded Warrior Family Support charity, which is not to be confused with the Wounded Warrior Project.