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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.

Ford eases V6 Mustang around Bristol track for 1,457 laps

As you may have expected, the team at Ford was able to run a V6-powered 2011 Mustang for at least 1,000 laps on the half-mile Bristol Motor Speedway track on Wednesday before running out of gasoline. In fact, the Mustang lapped Bristol 1,457 times before its 16-gallon fuel tank ran dry. The run was part of a marketing push touting the 31-mpg highway rating for the 2011 Mustang V6 and its six-speed automatic transmission.

Mercedes C 63 AMG Edition 507 at Geneva 2013 with more power & bigger spec

Mercedes has revealed a final version of the C63 AMG – the C 63 AMG Edition 507 – with more power and bigger specification  Debuts at Geneva 2013. Mercedes will have plenty to show visitors to Switzerland next month – including the new CLA – and they’ll also have this morning’s Mercedes news – the Mercedes C 63 AMG Edition 507. The C63 AMG Edition 507 - available as saloon, coupe or estate –  looks like a final hurrah for the current C Class AMG (the new C Class will arrive in 2014), and Mercedes has made a decent effort to make the Edition 507 more than just a jump in power.