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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Skoda Fabia Monte Carlo Tech Edition
Fri, 05 Apr 2013The Skoda Fabia Monte Carlo Tech Edition is a limited edition of the already limited edition Fabia Monte Carlo, with added equipment. We all understand that producing limited edition cars adds a bit of showroom gloss, with car makers adding something extra – and often unique to the model, to create a ‘Limited Edition’ with extra equipment to boost sales. But is it stretching things a bit far when a car maker takes an already ‘Limited’ edition car and bolts more goodies on to it to create a ‘new’ limited edition?
Bugatti Veyron Grand Sport Vitesse World Record Convertible Leaks
Tue, 09 Apr 2013It looks like the ‘New’ Bugatti promised yesterday is the Bugatti Grand Sport Vitesse World Record Convertible, not the ‘Super’ Veyron. We should have known. Yesterday we reported that Bugatti are teasing ’the latest example of exceptional Bugatti performance’, which we thought might be the much touted ‘Super’ Veyron offering 1600hp.