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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.

New 2014 Mercedes S-Class order book opens – price from £62,650

The New Mercedes S-Class (pictured) costs from £62,650 The all new Mercedes S-Class was officially revealed last month, and went in to production last week, and now the order book opens for Mercedes new technological tour de force in the UK. At launch you’ll have a choice of three engine options – diesel, hybrid and V8 petrol – and a choice of standard wheelbase or long wheelbase (which adds £3,000) with the cheapest model being the S 350 BlueTEC. The S350 BlueTEC SE gets the 3.0 litre Mercedes diesel V6 with 255bhp and 146g/km emissions and the promise of 51.4mpg, with the AMG Line models getting the same engine but costing from £67,685.

Ex-TVR chairman Peter Wheeler (1944-2009)

By Peter Adams Motor Industry 12 June 2009 11:50 Peter Wheeler, the chairman of TVR from 1980 to 2004, has died. Wheeler was in charge of TVR during some of the company’s finest modern years, launching lightweight and powerful rear-wheel drive Blackpool-built sports car including the Chimaera and Griffith, and the Cerbera, Tuscan, Tamora and Sagaris with TVR's own engine. Wheeler passed away during the night on Thursday 11 June after a short illness.