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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.

Alfa Romeo 4C to spearhead marque's return to the US

Alfa Romeo is coming back to the U.S. this summer, and at next month's New York auto show the company will present the 4C Coupe to the American public. We need to take a step back to point out that even though the Alfa Romeo 8C Competizione was officially sold on our shores in a handful of locations (to a smattering of well-heeled buyers), the automaker's planned return this summer will offer cars for--ahem--a slightly larger audience.

Electric cars get a £500 million government cash boost – but will it get spent?

The new BMW i3 EV (pictured) will be subsidised until 2017. The subsidy of up to £5000 paid to buyers of electric cars has been with us for three years, but it hasn’t had much impact on EV sales and it did look like the government had decided to scrap it all together. But it looks like the coalition has allowed Nick Clegg to have his way with EV subsides in a move that will see £500 million injected in to promoting and supporting electric cars in the UK in the next few years.