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Top new models for SA

From Renault's new Alaskan bakkie to the latest models at the Frankfurt motor show bound for SA.

Electric cars in SA

The debate on whether or not Electric Vehicles (EV) are viable in South Africa rages on.

Porsche pushes VW stake beyond 50%

2009-01-06 08:57

Porsche on Monday announced it will increase its stake in Volkswagen to 50.76% after purchasing more ordinary shares in the company.

Passing the 50% mark also sees Porsche acquire indirect control of truck maker Scania. The German manufacturer is now required by Swedish law to present a mandatory offer for the truck maker.

However, Porsche has pointed out that it has no strategic interest in Scania and is not interested in acquiring shares in the truck maker.

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