Avenger - Windshield Banner Decal Sticker V1 on 2040-parts.com

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.

Ford S-Max concept (2013) at Frankfurt motor show

This is new Ford S-Max MPV, in thinly veiled concept car form. In all but the spangliest details though, this is Ford’s sporty new MPV, ushering in a host of on-board tech features, and a new 1.5-litre Ecoboost petrol engine. The show car’s party pieces are health-monitoring gadgets, recording data like heart rates and glucose levels.

Ralliart unit folds, but Mitsubishi keeps name

Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp., informed global distributors on Wednesday that it would cease business operations March 31. In the United States and Europe, Mitsubishi markets a Ralliart sports version of its Lancer, which has become a sporty halo car for the brand.