Beck/arnley 174-7010 Distributor Cap 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.

Volvo strikes deal for plug-in hybrid cars

Volvo Plug-in hybrid By Peter Adams Motor Industry 01 June 2009 17:15 Volvo has taken its next step towards green motoring, launching a joint venture with Swedish energy company Vattenfall to introduce plug-in hybrid cars to the market – sporting CO2 emissions as low as 50g/km. The cars, which will role out across Sweden in 2012, will be manufactured by Volvo, with Vattenfall developing the charging systems and supplying the cars with electricity. Vattenfall will be offering customers the chance to sign an agreement for renewable electricity sourced from windpower or hydropower.

Audi RS3 Frankfurt debut – outed on Twitter

The Audi RS3 cuaght testing at the Nurburgring earlier this year. Audi Cape Town managed to post a Tweet last night which said “Looking forward to the unveiling of the new Audi RS3. 2.5L five-cylinder turbocharged engine, 4WD & 335Bhp.