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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
McLaren P1 production starts in Woking
Tue, 08 Oct 2013McLaren P1 production starts in Woking The Geneva Motor Show in March saw the arrival of the first production version of the new McLaren P1 (and its arch-rival, the LaFerrari). But it’s taken until now – seven months later – for McLaren to finish final testing of the P1 before pressing the button on their clinical assembly line to start customer P1s rolling out. In between the reveal at Geneva and production starting, McLaren have been having a bash at the Nurburgring (with mixed results) and doing some final hot weather testing on the P1, but now – apart from a few inevitable tweaks once the P1 gets out in to the real world – the P1 is ready for its customers.
College Exhibition: Coventry University MA Degree Show 2005
Fri, 20 Jan 2006Jan 20, 2006 - 'Fifteen' was the title for Coventry University's 13th MA Design Degree Show, held at Coventry's Transport Museum December 2-9. The title signified a recurring theme: 15 Automotive Design students, 15 months programme duration for the first time, "15 minutes of fame". Graduates from the USA, India, China, Korea, Greece, Lebanon and the UK, made for a strong international flavour in the diversity of the final designs. 2005 was sponsor Corus' ninth year of involvement with the show, and the fifth year they have held a forum to coincide with the opening of the event.