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New Sasol GTC cars set for thrills

The iconic Grand Prix Circuit will present a new challenge to the GTC drivers as they tackle the country’s fastest racetrack on June 16.

Suzuki’s new Swift hatch and sedan in SA

Suzuki kicks off its new model assault with an all new Swift hatchback and standalone sedan called the Dzire.

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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