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Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

New Skoda Octavia vRS costs from £22,990

New Skoda Octavia vRS (pictured) costs from £22,990 Skoda’s take on the VW Golf GTI – the Skoda Octavia vRS – was revealed last month ahead of its debut today at the Goodwood Festival of Speed, and now we know it will costs from £22,990. For your £22,990 you’ll get the Octavia vRS with the 2.0 litre TSI engine delivering 217bhp and 0-62mph of 6.8 seconds. Pay a bit more (£23,260) for the diesel (why would you want to do that?) and you’ll get 181bhp from the 2.0 litre TDI and get to 62mph in 8.1 seconds.

Detroit brands top Asian, European rivals in study of most appealing models

Owner delight with import vehicles is falling, and Detroit 3 brands are more appealing than European and Asian rivals for the first time in 13 years, according to a study measuring owner enthusiasm and satisfaction. The biggest improvement in owner appeal was made by high-performance models from Ford Motor Co. and General Motors Co., J.D.