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BMW displays Calder art car, racers and classics at Amelia Island
Mon, 10 Mar 2014The first BMW art car -- a 1975 3.0 CSL wearing a paint job designed by Alexander Calder -- headlined a class of significant cars from the German automaker at the 2014 Amelia Island Concours d'Elegance. It was joined by a BMW M-powered McLaren F1 GTR, a first-generation 320i, winners of the 1975 12 Hours of Sebring, a BMW 320 Turbo race car, and the first BMW convertible. The Calder art car is the first in a series that has spanned more than 40 years of Roundel history.
How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
Seven reasons why GM wants to keep Opel
Mon, 31 Aug 2009General Motors Co. is considering reversing course and hanging on to Opel, and it is easy to figure out why. Keeping a foothold in Europe is vital for GM, and the company may be able to afford it.