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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.

Ferrari 458 Speciale with active aero debuts at Frankfurt

The only thing better than a 458 is, of course, a lighter, stronger and more aerodynamically efficient 458. Toward that end, Ferrari unveiled the 458 Speciale at Frankfurt, a successor of sorts to the Challenge Stradale and 430 Scuderia, previous specials that, as good as they were, wouldn't last a race on the same lap as this one. “This is the most powerful V8 Ferrari, never made before,” said Ferrari chairman Luca di Montezemolo, who still speaks much better English than we could ever hope to speak Italian.

2011 Ford Shelby GT500 Mustang gets more power, loses gas-guzzler tax

The 2011 version of the Ford Shelby GT500 Mustang carries a supercharged 5.4-liter V8 that weighs less, delivers more power and uses a unique spray-coating process that eliminates the need for cast-iron liners in the aluminum cylinder block. The 550-hp Shelby GT500 also loses something from the previous model--it's gas-guzzler tax. Ford says the new Shelby GT500 will deliver 23 mpg on the highway and 15 mpg in the city.