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Porsche Panamera upgrades (2010) first details
Thu, 19 Aug 2010The 493bhp Porsche Panamera Turbo is about to get even more powerful: Porsche has released details of a new range of upgrades available on the Panamera, including a £14k Powerkit pack. The Powerkit – as its name suggests – delivers an increase in power (and torque) over the standard car, and is exclusively available on the Panamera Turbo. The Panamera Turbo left us a little underwhelmed when we put it through its paces a year ago, chief issues being the packaging, styling and ergonomics.
Volkswagen to take full control of Porsche
Thu, 05 Jul 2012Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.