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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.
New models to spur sales, J. D. Power says
Sun, 06 Feb 2011A flood of new-model introductions this year will help pump sales volume for the industry, according to forecasts from J.D. Power and Associates. Automakers have scheduled 60 new or substantially redesigned model introductions this year, compared with just 36 in 2010, by Power's count.
Geneva Show 2014: Renegade Is Anything But Rough And Ready
Wed, 05 Mar 2014DON’T be put off by the size of Jeep’s latest offering, as its new Renegade might be small but it’s claimed to be just as capable as its larger stablemates. With Jeep now part of the Fiat family, it’s no surprise to learn that the Renegade is based on the Italian firm’s 500L. The diminutive Renegade is, however, expected to remain true to the Jeep brand thanks to off-road versions complete with all-wheel drive, skid plates and raised ride height.