89 Polaris Indy 400 Speedometer Gauge H20 on 2040-parts.com

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.

New Chevrolet Aveo (2011 / 2012) revealed

The Chevrolet Aveo debuts at Paris It always seems a bit strong proclaiming that a new car has been revealed when we know it’s probably going to be a year before said car hits the showrooms. And so it is with the new Chevrolet Aveo we have here which, despite Chevy saying this is the production car, won’t hit the roads in the UK for a year. That long gestation period could even change the 2011 Chevy Aveo in to the 2012 Chevy Aveo, which considering the ‘Concept’ for the new Chevy Aveo was shown at Detroit in January is one long introduction phase.

New Toyota Auris, Auris Tourer Estate & new Verso MPV at Paris

Toyota will reveal the new 2013 Auris, Auris Tourer Estate and Verso MPV at this month’s Paris Motor Show. We’ve already had the reveal of the new Toyota Auris ahead of the Paris Motor Show, but it won’t just be the new Auris that’s on Toyota’s stand. For the first time we are getting a Toyota Auris Tourer (Estate) added to the Auris range and aimed straight in to the firing line of the new Ford Focus Estate and Vauxhall Astra Sports Tourer.