Tag: holding

Report: Porsche-Piech buy 10% stake in VW’s holding company

Filed under: Europe, Porsche, Volkswagen, Earnings/Financials, Middle East

F.K. Piech

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-Piech buy 10% stake in VW’s holding company originally appeared on Autoblog on Tue, 18 Jun 2013 08:00:00 EST. Please see our terms for use of feeds.

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Consumer Reports holding tournament to crown Drivers’ Choice champion

Filed under: Car Buying, Etc., Cadillac, Chevrolet, Dodge, Land Rover

Consumer Reports Moto Madness

Consumer Reports has added itself to the insanity that is March Madness with a bracket all its own. Consumer Reports will crown this year’s driver’s choice champion with an NCAA Tournament-style bracket made up of four “regions,” which in this case relate to types of cars.

First-round voting has already begun in the four categories, which are: sporty cars, SUVs and trucks, practical cars, and performance sedans. The bracket is well thought out and the choices are legitimately thought-provoking. Would you rather have a Chevrolet Corvette ZR-1, or the last-hurrah Dodge Viper? How about a Range Rover or a Cadillac Escalade?

Head over to Consumer Reports to see the full bracket and make your selections before the second round begins on March 21.

[Source: Consumer Reports]

Consumer Reports holding tournament to crown Drivers’ Choice champion originally appeared on Autoblog on Sun, 20 Mar 2011 15:33:00 EST. Please see our terms for use of feeds.

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Canadian BMW dealer holding contest to find ultimate blogger, $65K job up for grabs

2011 BMW 335is

2011 BMW 335is – Click above for high-res image gallery

Endras BMW in Ajax, Ontario has a sweet blogging gig open. The winner of the dealership’s Ultimate Blogger contest gets a free condo for a year, a new Bimmer every six months and a $65K a year starting salary.

Endras is looking for someone to represent it online, a job that includes attending press events, junkets and auto shows, as well as handling the outfit’s social media efforts.

To enter, write and submit a 200-word blog post on anything BMW-related. After Endras BMW management weeds out the entries that fail to impress, 20 semifinalists be asked to produce a video proving their obsession with performance.

In the last round of eliminations, the 10 finalists will get face-to-face interviews at Endras. After that, someone’s got a new job. If you want a shot at it, hop over to EndrasBMW.com and fire up your writing skills.

Gallery: First Drive: 2011 BMW 335is

[Source: EndrasBMW]

Canadian BMW dealer holding contest to find ultimate blogger, $65K job up for grabs originally appeared on Autoblog on Sat, 26 Feb 2011 14:36:00 EST. Please see our terms for use of feeds.

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Report: Engine shortages holding back Jaguar Land Rover sales

Filed under: Plants/Manufacturing, Jaguar, Land Rover

2011 Jaguar XJ – Click above for high-res image gallery

The turnaround at Jaguar/Land Rover is happening even faster than the company’s owner, Tata, had planned. A year ago, JLR posted a net loss of £64 million ($101M U.S.) in Q2; compare that to this year’s second quarter and its £233.8 million ($369M U.S.) net profit on 57,135 vehicles sold.

While we’re sure they aren’t complaining, the boost has left JLR in bit of a lurch: production has bottlenecked because it needs more engines from Ford, after already buying “considerably more” than it expected. Ford hasn’t offered any comment, but it is reported that the two companies are working together to figure out how to get Jaguar the powerplants it needs.

Gallery: 2010 Jaguar XJ

[Source: Bloomberg]

Report: Engine shortages holding back Jaguar Land Rover sales originally appeared on Autoblog on Wed, 11 Aug 2010 16:31:00 EST. Please see our terms for use of feeds.

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