Porsche has been planning to take control of Volkswagen for several months now, with the sports car maker finally making its move on Wednesday. Porsche
announced its integration with Volkswagen earlier today, creating a single entity with 10 underlying brands.
Porsche’s move to takeover VW has stalled in the recent months, but recent meetings between both sides spurred the decision. “In the final structure, 10 brands shall stand below an integrative leading company alongside each other, whereby the independence of all brands and explicitly also of Porsche shall be ensured… Details
There were no signs of nerves from slalom’s newest addition to the World Tour, as the opening day of competition in Austria delivered sun and wind in equal measure to start proceedings in style.
After a morning spent registering just shy of 400 sails and 200 boards, the 66-man slalom fleet took to the water to mark the official start of competition on Lake Neusiedl.Â
Powered by the prevailing NW wind, the racers had to negotiate a 4-buoy slalom course, starting and finishing on port tack. Opening proceedings, all eyes turned to race one.
Despite a new location, new regulations and many riders using new gear for the first time in competition, there was little upset in the opening rounds…Â Details
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Lance Armstrong lashed out Wednesday at Kazakh officials who let his Astana team fall into a financial crisis on the eve of his first Giro d’Italia.
“I don’t know them, I don’t have a personal relationship with them, but I get frustrated,†said the seven-time Tour de France champion who’s riding for free this season. “These Kazakhs, they don’t return phone calls, and there’s not a lot of clarity about what is going to happen.
The American cyclist even suggested his Livestrong cancer foundation might be able step in and bail out the team, but that seemed to be a long shot.
“While as a 501(c)(3) non-profit organization, the Lance Armstrong Foundation would … Details
The Defender of the America’s Cup, Societe Nautique de Geneve, has released the motion it has filed with the New York Supreme Court to require Challenger to file the required Customs House Registry documents. Click here to read.
At first glance, the action would seem to be doomed to failure.
As discussed in an earlier commentary, the exercise seems to be a fishing expedition, not unknown in the America’s Cup, designed to corner the Challenger, or extract some small advantage, from the Golden Gate Yacht Club.
SNG calls for GGYC to be either disqualified from the event for not complying with the requirement of the Deed of Gift that the ‘customs-house registry must also be sent as as possible’…Â Details & PicturesÂ
