Porsche Automobil Holding SE, Stuttgart, purchased further ordinary shares in Volkswagen AG, Wolfsburg, and will increase its holding to 50.76 per cent of all ordinary voting shares in Volkswagen. As a result of passing the threshold of 50 per cent Porsche will acquire indirect control over Scania AB, Södertälje, and is required by Swedish law to

Hyundai Motor Company, South Korea’s largest automaker and part of the world’s fifth largest auto manufacturer, posted a 6.9 percent increase in its 2008 global sales, mainly due to strong demand for its cars in emerging markets. Overseas sales, including exports from Korea and sales from the company’s overseas plants increased 11.8 percent to

Honda, the world leader in low emission, fuel efficient vehicles, has taken Hybrid technology to new heights… literally. In an Australian media first, massive billboards featuring the new Honda Accord Euro are illuminated by green solar power; with green energy electric backup. Just like a Hybrid. Outdoor advertising specialists, APN Outdoor

BMW Group Australia will bring the BMW M1 Homage show car to Melbourne in February 2009, to form the centrepiece of its stand at the Melbourne International Motor Show. The BMW M1 Homage was created in 2008 to celebrate the 30th anniversary of the BMW M1 road and race car programme, the car developed by the highly successful BMW M GmbH

The order book opened in Britain for the V10 engined Audi R8 this month (1 January) and with it the German car manufacturer demonstrated another element of its pioneering Vorsprung durch Technik technology. The range-topping R8 is the first car in the world to be equipped with all-LED (light emitting diode) headlamps. For the first time the

Ford's new ‘active park assist' makes Parallel parking a Breeze for Lincoln MKT and MKS owners The often stressful and frustrating task of parallel parking soon will be as easy as pressing a button for owners of the Lincoln MKS flagship sedan and all-new Lincoln MKT seven-passenger luxury crossover, thanks to an exclusive new technology from

The California Superbike School, and no it’s not in the USA - well actually they’re all over the world – is operated by Steve Brouggy down here in Oz. The school was founded in the USA in 1980 by Keith Code, former motorcycle racer and author of numerous books on motorcycle riding. Code is regarded as one of the best on-track motorcycle

Tata, the Indian-based company that owns Jaguar Land Rover, may have to pump at least £670 million into the ailing car brands to revive them, and is looking at ways to raise the cash. The sum is far higher than the ‘tens of millions’ Tata had recently suggested might be enough. The cash would also be in addition to any financial aid Jaguar Land

To help meet its goals of improving fuel efficiency and reducing CO2 emissions, Hyundai has completed the development of an all-new six-speed automatic transaxle that will boost fuel economy by more than 12.2 percent. Designed for transverse engine applications in passenger cars and SUVs, the new compact transaxle puts Hyundai into an elite

Following its successful launch in the US, Honda has begun leasing the Honda FCX Clarity fuel cell car in Japan, delivering the first vehicle to the Ministry of the Environment. While Honda plans to lease the FCX Clarity to government agencies and selected corporate entities, the roll out is part of the company’s broader commitment to lease the