In a surprising move, German sports car maker Porsche has just taken over the largest European car manufacturer, Volkswagen. After purchasing more than 50 percent of VW’s shares, Porsche is now in the driver’s seat of a massive conglomeration controlled by its shareholders and unions.
Reports claim that Porsche intends to increase its stake to 75 percent this year, gaining complete control of the auto group. At dealers such as Volkswagen Saint Louis, the relationship between VW and Porsche has already been apparent. Vehicles such as the VW Touareg and Porsche Cayenne already share many components with each other. VW and Porsche have much to benefit from each other strategically observes Mercedes Benz Pittsburgh dealers.
Trade unions are powerful at VW, and reports also indicate that Porsche control may upset the balance currently established. While Porsche claims to be a long-term investor, job cuts at VW plants could ultimately result. At the retail end, Dartmouth Volkswagen expects plenty of long-term changes and exciting new products, perhaps further blending components and design across the likes of Porsche, Volkswagen, and Audi.
Volvo Dives into Plug-in Hybrid Technology
Volvo has been struggling amid slumping global sales, but that hasn’t stopped the automaker from diving into research and development. One such as product of its R&D efforts is a new plug-in hybrid that will be due by 2012. Volvo has committed itself to producing a high mileage diesel-electric plug-in hybrid, but it has yet to confirm its plans to sell the vehicle in the U.S.Lexus ES Still Critical to Luxury Brand Lineup
As one Lexus’ most popular models, there will be plenty of drivers that will be happy to see a revamped Lexus ES 350 coming to showrooms later this month. While it may not be a full redesign, the updating certainly brings needed enhancements.Euro Civic Type-R Teases U.S. Consumers
In the U.S., Honda is mostly known for producing somewhat conservative, economical cars. However, the image of Honda outside of the States is far more performance oriented. This is attributed to a range of models that can be had overseas, but remain unavailable here.