Archive for the ‘Volkswagen’ Category
Discussion in the Australian Top Gear forums.
Jeremy Clarkson adds Polish to outraged ranks
* Clarkson films spoof ad for VW
* Makes fun of German WWII invasion
* BBC confirms new series will go ahead
Posted in BBC, Germany, Jeremy Clarkson, Poland, Scirocco, Tank, Top Gear, Top Gear UK, Volkswagen, news, video
Discussion in the Australian Porsche forums.
German luxury car maker Porsche has announced the resignation “with immediate effect” of its chief executive Wendelin Wiedeking and financial director Holger Haerter.
ex-Porsche CEO Wendelin Wiedeking
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Posted in CEO, Global Financial Crisis, Porsche Boss, Porsche CEO, Volkswagen, Wendelin Wiedeking, news, porsche
Discussion in the Australian Porsche forums.
Porsche Spyder returns!
All-new entry-level Porsche will share its platform with the VW Bluesport and takes inspiration from original 550 Spyder
One of the most revered names in sports car history, the Porsche Spyder, is back! And our exclusive illustrations show for the first time how the sub-Boxster two-seater will shape up when it arrives in 2013.
Source: Jack Rix at Auto Express
New baby Porsche helps show off your bald spot
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Posted in 550, AutoExpress.co.uk, Bluesport, Concept, Convertible, Golf, Porsche Boxster, Spyder, UK, Volkswagen, news, porsche
Discussion in the Australian prestige car forums:
http://aussieexotics.com/forum/off-topic/the-global-economy-aussie-economy-and-where-it-is-all-headed-t2452.0.html;msg62467#msg62467
Ever hankered for a Hummer, ached for an Aston Martin or dreamed of buying your very own Lamborghini? Well, this could be your lucky week.
Luxury car owners are putting their dream machines on the block in record numbers as the recession bites.
Thirty luxury vehicles worth $3.5 million will go under the hammer in Auckland this Saturday at Turners Auctions’ largest prestige auction.
All is not well for Porsche, the German carmaker that appeared Tuesday to have made a killing from hedging shares of Volkswagen. While the company announced an astonishing 6.8 billion euros ($9.0 billion) in net profit booked on cash-settled options of Volkswagen shares, up from 850 million euros ($1.1 billion) last year, it said its net debt stood at a higher than expected 9.0 billion euros ($12.0 billion).
The value of Volkswagen shares, now 23.0% higher than at this time last year, has been driven up by expectations that Porsche (other-otc: POAHF – news – people ) would increase its 51.05% stake in the German carmaker to beyond 75.0% so that it can gain majority control under German law. The stock jumped again last week, when Porsche said it had renewed a 10.0 billion euro ($13.3 billion) credit facility that it could expand by another 2.5 billion euros ($3.3 billion).
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Discussion:
http://aussieexotics.com/forum/porsche/porsche-now-controls-vw-t2305.0.html;msg57078#msg57078
Sports-car manufacturer Porsche SE said that it has received a new credit line of 10 billion euros ($A19.63 billion) to buy up shares of fellow German carmaker Volkswagen AG.
The loan agreement would also allow Stuttgart-based Porsche to expand the loan to 12.5 billion euros ($A24.23 billion) over the coming weeks, it said.
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