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Mercedes plots McLaren buyout
Wed, 04 Oct 2006By Georg Kacher Motor Industry 04 October 2006 09:00 DaimlerChrysler is planning a bid for the McLaren Group, to gain full control of its F1 operation and production of the SLR supercar. CAR Online asked DC boss Dieter Zetsche if he was considering extending Mercedes' stake in McLaren, to give the Germans control. 'It's one of the options we might exercise,' he said.
Porsche Panamera Diesel- it’s official
Mon, 02 May 2011Porsche Panamera Diesel - a frugal Panamera offering The headline sounds as if there might have been doubts that we would get a Porsche Panamera Diesel before too long. But, despite the general perception that ‘Diesel Porsche’ should be an oxymoron, a Panamera diesel was always going to happen, as Porsche confirmed in November. It was always going to happen because – in the real world – it probably makes more sense than any of its petrol powered siblings for most potential buyers.
'Phoenix Four' MG Rover directors to be banned
Fri, 11 Sep 2009The 'Phoenix Four': John Towers, Nick Stephenson, Peter Beale and John Edwards. All roundly criticised in today's government report By Tim Pollard Motor Industry 11 September 2009 09:14 The UK Government today said it plans to disqualify the executives who ran MG Rover in the run-up to its collapse in 2005. A report out today from the Department for Business, Innovations and Skills slams the 'Phoenix Four's involvement in the business and is highly critical of the way they withdrew £42 million in salaries and pensions despite the company's parlous financial position.