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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.
New baby Jaguar to be called XE
Wed, 05 Mar 2014Jaguar has revealed its new small saloon rival to the BMW 3 Series will be called XE. The new Jaguar XE, which will be revealed this year before going on sale in 2015, will be the first all-aluminium car ever launched in the premium small saloon sector – and prices are expected to start from £30,000. Jaguar is promising a range of cars that stretch from a sub-100g/km model (something the BMW 3 Series doesn’t yet achieve) to one that can reach a top speed of 186mph (a speed that’s also faster than every 3 Series).
Indianapolis 500: HPD wins Louis Schwitzer Award for refueling system
Tue, 24 May 2011Honda Performance Development on May 21 won the 45th-annual Louis Schwitzer Award for motorsports engineering innovation and excellence in recognition of the Honda Refueling Safety Interlock System. The system, which reduces the potential for fires in pit lane when refueling, was created by a team at HPD led by Roger Griffiths, Jim Goodloe, Marco Martinelli and Robert Bell. The key part of the system is an electronic fuel-probe sensor installed on an Indy-car's inlet valve into which ethanol fuel flows.