2006 Porsche 911 on 2040-cars

Auto blog

Porsche-Piech buy 10% stake in VW's holding company

In August, 2009, as the scuttled merger of Porsche and Volkswagen had gone bad and Porsche was backed up against the ropes, Porsche Automobil Holding SE (PAHSE) relinquished a ten-percent stake in itself to Qatar Holdings as well as options it held on 17 percent of VW shares. The sale meant that, for the first time since the founding of the company 61 years before, an entity outside the Porsche and Piech families had a say in the running of PAHSE.
Buying that ten-percent stake back returns full ownership to the two families, the holding company's sole possession being ownership of 50.7 percent of VW's common shares. The price paid wasn't disclosed, but at market rates the purchase would be worth close to $1.25 billion. Qatar intends to hold onto the 17-percent stake it has in Volkswagen.

Autoblog Minute: Porsche goes after Tesla

Volkswagen Group Night kicks off the 2015 Frankfurt Motor Show. Autoblog's Adam Morath reports on this edition of Autoblog Minute with commentary from Autoblog's Editor-in-Chief, Michael Austin. Show full video transcript text [00:00:00] Volkswagen Group Night kicks off the 2015 Frankfurt Motor Show. I'm Adam Morath and this is your Autoblog Minute. In keeping with tradition Volkswagen Group Night will take place before the first press day of the Frankfurt Motor Show. It's here that VW will unveil all the latest innovations for each of the brands in the group's extensive portfolio. For more we go to Autoblog's Mike Austin: [00:00:30] [Michael Austin Interview] Autoblog staff is on site in Germany [00:01:00] for comprehensive coverage of the events. To check out all of our short cut videos of Volkswagen Group Night head over to Autoblog dot com slash short dash cuts. For Autoblog, I'm Adam Morath. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals.

Watch Finnish hoons drift a Porsche, a motorcycle and a snowmobile on ice

We're figure the guys in Finland's Stunt Freaks Team see this video as three minutes of freewheeling snow drifting with a Triumph Daytona motorcycle on snow tires, a Porsche 911 GT3 rally car and a Polaris RMK snowmobile. We, however, like to think of it as a mini-documentary on the winter habits of bipedal Finnish mammals, who display a curious set of winter habits that fascinate us no matter how many times we see them. Admittedly, if we lived conveniently close to Rovaniemi, set smack-dab on the border of the Arctic Circle in Finland's Lapland, we'd do the same thing. The title says it all, save for there also being a side-by-side that was probably the camera car. It's missing the huge roostertails, but it's got a crash and a wheelie to make up for it. News Source: StuntFreaksTeam via YouTube Porsche Motorcycle Luxury Off-Road Vehicles Performance Videos drifting porsche 911 gt3 snow Polaris snowmobile snow drifting triumph daytona