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Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By 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.
Hyundai i40 saloon – that’s the Euro version – finally arrives
Thu, 12 May 2011It's the Hyundai i40 Saloon for Europe As we reported last week – after Hyundai had, rather pointlessly, teased us with an image – the European version of the Hyundai i40 saloon is about to launch at the Barcelona Motor Show. So we have details, although much of what we have is what we already know from the Hyundai i40 Estate. What we do know is that the European i40 – whatever guise it comes in – seems a fine car and a real threat to the sector domination by the Ford Mondeo and VW Passat.
Porsche celebrates 60 years in the U.S.
Mon, 27 Sep 2010The Porsche Museum in Stuttgart, Germany, has prepared a special exhibit celebrating 60 years of Porsches in the United States. The exhibit will include a prototype Porsche 356 Speedster, a 356 America Roadster and a 550 Spyder. It will open on Oct.