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
Kevin Harvick overtook California king Jimmie Johnson on the final turn at Auto Club Speedway Sunday to win NASCAR’s Sprint Cup event after trailing the entire race.
“I wish we could just go out there and wear ‘em out one day, just not have to worry about waiting until the last lap,†Harvick said. “It does kind of seem we wait … Details
FONTANA – It wasn’t the storybook finish it could’ve been.
But NASCAR Nationwide Series rookie Jennifer Jo Cobb was back where she belonged, at the wheel of a race car, Saturday in the Royal Purple 300 at Auto Club Speedway.
Her first race in Rick Ware Racing’s No. 41 GreetingsExpress.com Ford ended after just 36 laps, however, because of handling problems, leaving Cobb  … Details