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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.

Model Ts take flight in California

The first flight over the Pacific took place just south of Los Angeles just more than 100 years ago, on Jan. 14, 1910. At that time, only seven years after the Wright Brothers' first flight, the Model T had been in production just one year.

Subaru WRX and Legacy Concept at Los Angeles Motor Show 2013

Microsoft Subaru unveiled a pair of newcomers at the 2013 Los Angeles Motor Show - a red-hot WRX fast saloon (above) and a concept car depicting the next Legacy (below). The WRX is a Subaru performance icon, but has been around the block a few times in recent years. First it was a four-door blue and gold rally hero, then it became a sensible hatchback.