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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.

Porsche 911 with VW turbodiesel prepares for LeMons assault

LeMons racing is a wonderful example that setting limits can actually breed creativity. The series mandates that all entries must cost $500, not counting safety equipment, and that cap forces teams to be ingenious in how they build a racecar. Take for example this diesel-powered Porsche 911, which its creators have dubbed Ferkel the Nein-11, that will be racing in the Sears Pointless race this weekend in Sonoma, California.
This Frankenstein combines a 911 chassis that was originally bought just for its European powertrain and a Volkswagen TDI diesel engine mounted in the rear. After deciding the shell could still be of some use, the team decided to go racing. "We began brainstorming what replacement drivetrain to use for maximum offense and there was really only one answer: a diesel," said Philipp von Weitershausen, one of the team captains, to Jalopnik. They bought a 1998 Jetta TDI on the cheap and started figuring out a way to hack the engine into the bay. To pay respect to the donor, the VW's trunk was highly modified (and drilled) and grafted onto the back of Ferkel.
This team isn't a newcomer to LeMons. Its last car was a classic VW Beetle with a Subaru engine and dual controls, named Ferdinand the Bug, which could be driven from the left or right side. It's quite a sight.

Porsche sells a $6,570 office chair

If you're in the market for a new seat and a Porsche fan, then the German company might have the chair of your dreams. Be ready to spend some serious cash, though. The Porsche Office Chair RS looks identical to what is in the company's vehicles, and Porsche promises the chair uses the same leather and Alcantara as in the sports cars. The brand's crest comes embossed on the headrest, too. Buyers also get the usual features you would expect from an office chair like adjustments to the seat height and armrests. There's also a jacket hook at the back. However, the coolest part is the electrically adjustable backrest with a rechargeable battery for power. If the Office Chair RS has one downside, it's the price. Porsche's website shows a list price of $6,570. If you shop around, that's a similar to what a Porsche 944 will set you back, and you can actually drive the 944. If you're looking for something slightly less expensive, Porsche also has a regular office chair that looks very similar to the RS but retails for $5,690, which still isn't much of a bargain, but is pretty cool nonetheless. Related Video: News Source: Porsche [1], [2] via YouTube Auto News Design/Style Weird Car News Porsche Performance Videos