Cardone Industries 65-9514 Remanufactured Drive Shaft Assembly on 2040-parts.com

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.

Volkswagen E-Golf to get limited testing release

Starting in April, Volkswagen of America will launch a test fleet of battery-powered E-Golf cars in select metro areas. More selective than the BMW ActiveE program that included 700 drivers, Volkswagen will release only 20 EVs, 12 of which will be allocated to company employees. Volkswagen said in a release that the purpose of the test is to conduct research and gather information on driving patterns, electric performance and climate conditions.

Jaguar F-Type on video at Goodwood FoS

We have video of Jaguar’s Mike Cross taking the new Jaguar F-Type up the hillclimb at Goodwood as Jaguar show off their new toy. We thought we were pretty much done and dusted with news from this year’s Goodwood Festival of Speed, but as Jaguar has finally managed to edit a video of the new Jaguar F-Type at the FoS we thought it worth revisiting one more time. Jaguar made a bit of a show of the camouflaged F-Type at Goodwood – its first public outing – with guards standing outside the container the F-Type was housed in to keep sticky fingers and prying eyes at bay.