If you turn the pages of recent history back just a bit, you may recall that in 2009 Porsche attempted – and later failed – to acquire Volkswagen, pouring roughly 14 billion into the effort. Following the sportscar maker’s botched attempt to buy up control of the more plebeian VW, the former target switched roles and purchased $4.12 billion in Porsche shares in December 2009, giving VW a 49.9 percent stake in Porsche.
Because of Porsche’s failed takeover attempt, the automaker has several billion dollars in debt that it needs to pay down, including a $3.5 billion bank loan that comes due in … Details
Former Car and Driver editor-in-chief and Automobile founder David E. Davis Jr. has died near his home in Ann Arbor, Michigan, after complications from surgery related to bladder cancer.
Davis, 80 at the time of his passing, was considered the “dean of automobile journalism†by Time after founding Automobile in 1985 to much unexpected success  … More
It may come as little surprise that Ron Dennis, chairman and head of McLaren supercars, had been caught speeding several times before he was recently nabbed running a red light, but his punishment might seem a bit harsh.
Dennis recently met … More
A new supersonic car has been built that will have a speed of 1000mph. The car incorporates three power units: a rocket in its motor, a Formula 1 car engine, and a jet from a fighter plane.
The British design, named the Bloodhound rocket, is 45cm-wide and 3.6m-long (18in by 12ft) and has been built in the UK over the last two years.
To race the measured mile will only take … More