On Monday, Porsche Automobil Holding SE, Stuttgart, purchased further ordinary shares in Volkswagen AG, Wolfsburg, increasing its holding to 50.76 per cent of all ordinary voting shares in Volkswagen. As a result of passing the threshold of 50 per cent, Porsche will acquire indirect control over Scania AB, Södertälje, and is required by Swedish law to launch a mandatory offer for the truck manufacturer.
The Stuttgart-domiciled company is not bound by pre-acquisition prices and is only read more
Mini storms to victory for the second year running, as EurotaxGlass’s, one of the leading automotive intelligence companies, publishes its annual residual value league table. The diesel-powered MINI 1.4TD is the UK’s slowest-depreciating used car, according to new analysis of the residual values of three-year-old vehicles carried out by EurotaxGlass’s, publisher of Glass’s Guide. The supermini currently has an average trade-in value of 63.2 per cent; better than that of any other read more
February 2009 will see the release of the Porsche Cayenne Diesel, equipped with a 3.0-litre V6 turbo diesel engine with 240 bhp (176 kW), supplied by Audi AG. Recent European tax incentives for vehicles with diesel engines have inspired Porsche to once again extend its engine range for the all-wheel drive car, in an attempt to utilise sporty compression-ignition technology.
The new Cayenne model will initially be offered in Europe due to customer demand, although plans are in place for market read more
The extraordinary news that Volkswagen briefly became the world’s most valuable may have been at least partially resolved by Volkswagen’s parent company Porsche.
The BBC reported that the value of Volkswagen share rose by 348 per cent over Monday and Tuesday after it emerged that only 5 per cent of Volkswagen shares were available.
The consequential impact on hedge funds which bet that shares would fall, were left in desperate need to buy shares in VW to make a profit. VW shares did read more
Porsche’s ongoing battle with Ken Livingstone over the proposed congestion charge increase has found support from Mitsubishi.
Lance Bradley of Mitsubishi believes that Livingstone’s plan “is not a well co-ordinated plan to heavily penalise one group of vehicles over those emitting one gram less”. Bradley does however concede that the new charge will force car manufacturers to place added importance on CO2 emissions when developing their cars.
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Porsche recently held an extraordinary meeting at which its supervisory board gave the go-ahead for the company to increase its stake in Volkswagen to more than 50% which would give Porsche majority control.
Regulatory authorities will conduct reviews, taking several months, before the path is clear for Porsche to increase their stake.
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RoadTestReports.co.uk was kindly supplied with a Porsche Cayenne S to drive and Dave has given his thoughts on Porsche’s 4×4 - “The Porsche Cayenne S handles & performs like its classic 911 stable mate but has the space & practicality of a large family run around….”
To read the road test reports please follow the link below
Porsche Cayenne S full road test report
For all the best contract hire and leasing deals on the Porsche Cayenne S click here - Porsche read more
Porsche has completed development of the new Cayenne GTS. The aim was for a sportier focus - visually and in engineering terms. Porsche have delivered vehicle designed for every single road you’re ever going to drive on.
The journey is the destination, especially if you want to get closer to the ideal line. 28,000 victories in motor sports speak volumes. Our developers have always consistently pursued the objective of sportiness. The result: An uncompromising vehicle. Built for the read more
Ken Livingstone’s plans to increase the London congestion charge to £25 a day for cars that consume a high level of fuel. This change has led to Porsche requesting a judicial review, claiming the charge to be disproportionate, aimed at removing the new congestion charge.
Transport for London believes the new congestion charge will remove approximately 22,000 vehicles from the zone during October 2008 (when the charge comes into being).
Porsche are certainly receiving no support from read more
