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Volkswagen to buy 42 percent of Porsche, full merger planned
Thu, 13 Aug 2009Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday. VW will pay $4.7 billion for its initial stake in Porsche. It positions the new company to have 10 brands and global sales of 6.4 million, and Volkswagen CEO Martin Winterkorn is likely to lead the entity.
Maserati Ghibli
Tue, 09 Apr 2013Maserati has unveiled the first images of the 2013 Ghibli ahead of its official debut next week at the Shanghai Auto Show. While the Ghibli badge has previously been reserved for coupés – both Giugiaro's 1967 original and Gandini's Biturbo-based 1992 Ghibli II – this is a four-door sports sedan to sit below the larger Quattroporte revealed in January at the North American International Auto Show. It's the first time the carmaker has built a car for the E-segment since the 1994 Quattroporte IV and is set to challenge high end of the Mercedes E-Class and BMW 5-series in AMG and M5 guises respectively.
Who's Where: Lorenzo Ramaciotti appointed Chief of Design for Fiat Group
Mon, 28 May 2007Starting June 1, 2007 Lorenzo Ramaciotti will become the new Group Chief of Design at Fiat Group Automobiles. Ramaciotti was snatched up by Fiat CEO Sergio Marchionne and convinced to head the company's design direction, filling a newly created position that hasn't previously existed at Fiat. Lorenzo Ramaciotti, who retired from Pininfarina in June 2005 after working for the famed coachbuilder for 32 years, will be responsible for all the Fiat Group brands, including Alfa Romeo, Lancia and Maserati.