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Volkswagen outlines terms of planned merger with Porsche | detnews.com | The Detroit News
Europe's biggest carmaker, Volkswagen AG, will acquire a 42 percent stake in sports car manufacturer Porsche AG this year as part of a plan to merge the feuding carmakers by 2011. The deal, announced by Volkswagen on Thursday, ends a long takeover fight that had pitted the descendants of Ferdinand Porsche against each other. "Volkswagen and Porsche today took a decisive step toward a joint future," Volkswagen CEO Martin Winterkorn said in a statement. "As a group with now 10 strong, independent brands... Full article...

Article added: 2009-08-17 04:19:56   Article Views Rating: 83


Main  >  Car Makers News  >  Other  > 
Business briefs | detnews.com | The Detroit News
Toyota Motor Corp. , the world's biggest automaker, will become the biggest seller of vehicles in the U.S. market next year after overtaking General Motors Co. , according to forecaster IHS Global Insight. It sees Ford Motor Corp. and GM essentially tied in second place for a couple of years until 2013, when GM is expected to move ahead. Honda Motor Co. , in fourth place, will gain market share slowly, according to the Waltham, Mass.-based firm. UAW local to hold rally at endangered plantThe United Auto... Full article...

Article added: 2009-08-17 04:19:54   Article Views Rating: 57


Main  >  Car Makers News  >  Lincoln  > 
Lincoln MKZ provides soundtrack for the open road | detnews.com | The Detroit News
The 2010 Lincoln MKZ has finally broken away from its siblings -- the working man's Ford Fusion and up-and-coming socialite Mercury Milan. At least that's the plan for this midsize premium sedan. Putting a hundred miles on this car was easy. It's comfortable, quiet and gives you a spirited ride. The bulletproof 3.5-liter V-6 pushes 263 horsepower and 249 pound-feet of torque. It doesn't feel like a rocket, but it improves the car's overall performance and the 0-60 mph time by a half second down to 7.1... Full article...

Article added: 2009-08-03 06:15:06   Article Views Rating: 122


Main  >  Car Makers News  >  BMW  > 
2009 BMW Z4 boasts hideaway hard top | detnews.com | The Detroit News
The proportion of hard tops to soft tops for convertibles and sports cars continues to evolve -- but not in the way you might think. Increasingly, manufacturers are equipping their droptops with folding metal contraptions, despite their complexity and cost. The latest example: the 2009 BMW Z4, the first roadster from the Bavarian manufacturer with a hideaway hard top. It succeeds the Z4 Roadster and Coupe. Others that have recently installed hard tops include Volkswagen's Eos, Infiniti's G37, Chrysler's... Full article...

Article added: 2009-08-03 06:14:58   Article Views Rating: 71


Main  >  Car Makers News  >  Ford  > 
Henry Ford puts rock center stage | detnews.com | The Detroit News
Long before Planet Hollywood, E!, Graceland, or myspace.com, there were few opportunities to explore the personal side of musicians other than song lyrics. And musicians had few outlets other than radio, the stage and album covers to burnish their brand. For many fans, it was rare to see an actor or musician personalized -- at home or behind the wheel. In 1968, Janis Joplin bought a late model Porsche 356c Cabriolet and ordered a dramatic psychedelic custom paint job with moons, Capricorns, butterflies... Full article...

Article added: 2009-08-03 06:14:53   Article Views Rating: 60


Main  >  Car Makers News  >  Lincoln  > 
Lincoln MKZ provides soundtrack for the open road | detnews.com | The Detroit News
The 2010 Lincoln MKZ has finally broken away from its siblings -- the working man's Ford Fusion and up-and-coming socialite Mercury Milan. At least that's the plan for this midsize premium sedan. Putting a hundred miles on this car was easy. It's comfortable, quiet and gives you a spirited ride. The bulletproof 3.5-liter V-6 pushes 263 horsepower and 249 pound-feet of torque. It doesn't feel like a rocket, but it improves the car's overall performance and the 0-60 mph time by a half second down to 7.1... Full article...

Article added: 2009-08-03 06:14:46   Article Views Rating: 44


Main  >  Car Makers News  >  Porsche  > 
Wiedeking Is Leaving Merging Porsche
Porsche and Volkswagen merge is finally done and there is no more doubt that since now the two companies will work together. The results of the merge changed the head of the Porsche. Wendelin Wiedeking who felt very confident and did not plan to leave the company till his contract expires in 2012 had to retire. After 16 year career as the Porsche CEO and after raising the auto company from bankrupt position to being one on the world’s most respected brands, Wiedeking left with a severance package of... Full article...

Article added: 2009-07-24 10:35:58   Article Views Rating: 82


Main  >  Car Makers News  >  Porsche  > 
Wiedeking Is not Giving up Porsche
Wendelin Wiedeking has been Porsche CEO since 1993. During these years he has done a great job: led the company from being a bankruptcy candidate to the status of the world’s most profitable automaker. Until the economic crisis Porsche was on top of success. Lately Wiedeking has been accused to leading the company to a huge debt of more than $12.7 billion in attempt to avoid the merge with Volkswagen. Porsche CEO has been fighting fiercely against the united companies. Wiedeking was raising funds... Full article...

Article added: 2009-07-24 10:35:58   Article Views Rating: 82


Main  >  Car Makers News  >  Porsche  > 
Porsche CEO steps down, making way for VW merger | detnews.com | The Detroit News
-- Porsche chief executive Wendelin Wiedeking is leaving the luxury sports car maker after 16 years at the helm, a move widely expected to clear the way for a merger with Volkswagen AG. The board for Porsche Automobil Holding SE said Thursday that Wiedeking, 56, and chief financial officer Holger Haerter, 53, were leaving with immediate effect from the heavily indebted company that makes the 911, among other models. The move -- along with the announcement that Porsche will seek to raise funds, possibly... Full article...

Article added: 2009-07-24 10:35:56   Article Views Rating: 99


Main  >  Car Makers News  >  Other  > 
Peel out with a set of orange-oil tires | detnews.com | The Detroit News
Automakers and their suppliers love to talk about technology transfers, especially those that move from the highly competitive and exciting environment of racetracks to the mundane but much more important public roadways. The Yokohama Tire Corp. has a new tech transfer ready to roll -- tires made by using the oil from orange peels to replace much of the petroleum-based oil that goes into tire production. Officially, Yokohama's new tire is the dB Super E-spec, which the Japanese rubber company calls "the... Full article...

Article added: 2009-07-24 10:35:53   Article Views Rating: 61


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