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Porsche finally becomes a VW company
Thu, 05 Jul 2012Volkswagen 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.
Audi RS3 (2010) first official pictures
Mon, 22 Nov 2010Audi has today published its first official pictures of the much-scooped RS3 Sportback. As we predicted, the RS3 adopts the 2.5-litre five-cylinder engine from the TT RS. With 335bhp on tap Audi can, for now at least, stake a claim to the hot hatch top trumps. Of course.
Mercedes & Mauro Calo set new world drifting record (video)
Mon, 20 Jun 2011Mercedes C63 - tyres alight We put you on notice last week that a Mercedes C63 AMG – being driven by Mauro Calo – was going to attempt a new world drifting record at MB World. Well, as we suspected, they had little trouble claiming the record. Mauro Calo is very familiar with Mercedes and with the track at MB World.