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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.

Rolls Royce at the Paris motor show 2008

Rolls Royce at the Paris motor show By Mark Walton Motor Shows 03 October 2008 16:11 Nothing much happening at the Rolls Royce stand at Paris. There are three cars lined up: the enormous Phantom (still the Daddy); the vast Drophead (with its yacht-style rear decking); and the gargantuan two-door Coupe(launched at Geneva earlier this year). Hey, Rolls-Royce is a tiny bespoke manufacturer - it doesn't just churn out new models like Toyota does, you know.

Police seize 700 stolen car badges

Police have seized over 700 badges believed to have been stolen from cars in the Coventry area. 49-year-old badge thief Maxine-Ann Sokil was caught out when a potential buyer recognised a badge from Coventry Transport Museum on eBay. On Bing: see pictures of car badges Car badges - Name the car badge quiz The amateur detective tipped off museum staff – who reported the discovery to police, the Coventry Telegraph reports.