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Caterham plans to expand lineup under new owner, report says
Mon, 09 May 2011Caterham Cars is growing its sports-car lineup, fueled by new owner Tony Fernandes, according to the Web site of U.K. car magazine Autocar. Fernandes's Team Lotus Enterprise, which owns the Team Lotus Formula One team, also plans to introduce the existing Caterham Seven and SP.300/R models to new markets.
Infiniti FX Black & White Edition for Europe – but not UK
Sat, 12 Jan 2013A limited edition of the Infiniti FX – the FX Black and White Edition – is launched in Europe based on the FX S Premium. But not for the UK. Sales for the whole of 2012 amounted to just 582 cars (Lexus, in the same period, sold 8,404), up by an impressive 38 per cent, but from irrelevant to…still irrelevant.
Volkswagen hits back, weighs making a bid for Porsche
Thu, 23 Apr 2009Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.



