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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.

(Former) Honda F1 Team ready to roll for 2009

Blimey, there’s been some real speculation over the fate of the Honda F1 team since Honda revealed it had decided, for financial reasons, to withdraw from F1 with immediate effect. We’ve had Prodrive/Aston Martin boss David Richards firmly in the frame, followed closely by a Mexican billionaire called Slim with a Senna in his pocket! But both those, quite reasonable speculations, turned to nothing.

Lexus LF-LC Coupe heading for production

It looks like the impressive Lexus LF-LC Concept is heading for production as Lexus tries to inject some sportiness in to their brand. The stunning Lexus LF-LC Concept we saw at the Detroit Motor Show in January was certainly the most impressive Lexus concept for some time, although Lexus made it clear it was just a showcase of what their US designers were capable of envisaging. But we thought at the time that the LF-LC had potential as a proper halo coupe for Lexus (ignoring the stand-alone, madly priced LFA) that could be brought to market as an LS Coupe – the Lexus LC, perhaps?