Archive for the ‘Auto Misc.’ Category
Hakan Samuelsson thought he had it all figured out. In 2006, the CEO of German commercial truck manufacturer MAN schemed to take over his former employer and Swedish rival, Scania. He had the banks behind him. VW owned 30 percent of Scania; they had to agree to the takeover. And why not? Volkswagen had no use for Scania, as VW’s commercial truck division only operates in South America. So Hakan Samuelsson made a deal with Bernd Pischetsrieder, then head of Volkswagen. Unfortunately for Mr. Samuelsson, he talked to the wrong guy. Ferdinand Piech, the person pulling the strings over in Wolfsburg, had different plans . . .
Before we get to what happened, let‘s take a small detour and look at where Piech‘s story began.
In fact, let‘s begin with his grandfather Ferdinand Porsche… Details
The future of transportation is now available for lease.
In the next few weeks, 450 consumers in California, New York and New Jersey will begin picking up fully electric Mini coupes, charging them at home and using them as their daily commuters for the next year.
They’ll pay $850 a month, plus taxes and insurance, for the right to drive the first highway-legal electric cars that don’t cost more than $100,000 to hit the streets in more than a dozen years. As such, they’ll serve as pioneers in what’s being hailed as the next great moment in automobile history: the electric car era…Â Details

Roger Penske said Friday that he know he’s operating in a “short time frame†if he wants to bid for the Saturn brand of General Motors Corp.
Penske said his company, Bloomfield Hills, Mich.-based Penske Automotive Group Inc., hasn’t yet made an offer for Saturn. Penske Automotive confirmed Monday it had an interest in Saturn.
GM is looking to sell or phase out Saturn by the end of the year as it races to a meet a government-imposed June 1 deadline to restructure or seek bankruptcy protection.
Roger Penske acknowledged that …Â Details