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Durheimer succeeds Paefgen at Bentley, Bugatti
Mon, 29 Nov 2010Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.
Porsche 911 50 Years Edition celebrates the 911′s half century
Tue, 04 Jun 2013The Porsche 911 50 Years Edition (pictured) celebrates half a century of the 911 If you’d guessed how much the Porsche 911 would change in the coming years when it was first launched in 1963, there’s a pretty strong chance you’d have decided the shape would change out of all recognition and the engine would move from the back to the front. But you’d have been wrong. The Porsche 911, perhaps more than any other car ever made, has evolved over its 50 years of life instead of being replaced by a new and ‘better’ car.
Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.