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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.

Ram drops 3.7-liter V6, adds Pentastar for 2013

Ram will drop its 3.7-liter SOHC V6 engine for the 2013 Ram 1500 pickup. The 3.6-liter Pentastar V6 will take its place. The new engine will come standard with the company's eight-speed automatic transmission.

Dassault Systèmes and Riversimple partner for eCar Design Contest

Dassault Systèmes, in collaboration with Riversimple and the 40 Fires foundation, launched their eCar Design Contest recently, designed to encourage cooperation and the development of ideas on an open source platform. The companies had been in talks for some time regarding a joint project and this competition – a completely holistic, closed-loop approach to the building, sale and use of a car – is the result of their successful collaboration. Christopher Reitz, head designer at Riversimple, says, "The open source platform is a fantastic tool.