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Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Nissan to build $2 billion plant in Mexico

Nissan Motor Co. will build a $2 billion auto assembly plant in Mexico, its third in that country, as it works to outgun rival Honda Motor Co. The plant, in Aguascalientes, Mexico, will have initial capacity to build 175,000 light vehicles annually for the United States, Mexico and Latin America, with plans to expand.

Ferrari FF Revealed

The Ferrari FF - the 612 replacement will debut at Geneva   We’ve been wondering for a few weeks what exactly Ferrari were doing with the 612 Scaglietti. We were hearing conflicting stories about the direction Ferrari were heading, ranging from a Shooting Brake version of the current 612 to an all new Ferrari range-topper with a big, new V12 – and a Shooting Brake design. And it turns out the latter is the case – welcome to the Ferrari FF.