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How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
Kia Soul EV goes in to production for UK and Europe
Thu, 12 Jun 2014The Kia Soul EV (pictured) is now being produced for Europe The electric Kia Soul was revealed at the Chicago Motor Show back in February, with Kia promising it would go on sale in the UK and Europe late in 2014. And that looks to be on track. Kia has announced that the Soul EV for the export market has now gone in to production – the first electric car from Kia destined for export from South Korea – with the first cars off the production line destined for Europe.
Porsche 911 GT3 RS
Mon, 05 Jun 2006Porsche has released pictures of the most intense 997 yet, the GT3 RS. Due to be released in spring next year in North America, the RS produces 415PS from its naturally-aspirated 3.6l flat-six, enough for a 0-62mph time of 4.2 seconds. Power is sent through the rear wheels only, whose surrounding shoulders widen by 43mm to accommodate the extra track.