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Porsche-Volkswagen Merger Official

admin — Mon, 23 Nov 2009 17:33:08 +0000

Via Worldcarfans: The Porsche and Piech families, which still control Porsche, are set to put their signatures to a merger contract today (Friday, November 20, 2009). The VW board is said to also be signing off on a series of contracts, thousands of pages long, detailing a multi-stage process for the merger. VW said in a press release it wants the process to go as smoothly as possible and will propose a resolution to issue new preferred shares at its Extraordinary General Meeting on December 3, 2009. The new shares will allow VW to maintain its “medium term financial flexibility,” the company said.

From the press statement, “The creation of an integrated automotive group with ten strong brands follows a compelling industrial logic. It represents a unique opportunity for Volkswagen and is in the best interests of all shareholders. Volkswagen will further expand its position as the leading global multi-brand group with the inclusion of Porsche AG and the automobile trading business of Porsche Holding Salzburg.”

Porsches Spilled All Over Your Tracks

admin — Mon, 10 Nov 2008 17:01:30 +0000

Recently in Germany (or Cher-many as we say around the office) a transport train was hit on the backside by an oil rig, causing both to crash and the spilling several brand-spanking-new Porsche vehicles all over the tracks. No word on whether the conductor was texting a couple of underage girls. In all – 18 cars were wrecked, causing damages upwards of $1.28 [Dr. Evil voice] MILLLLLIIIIIOOOONNNNNNN DOLLARS… We are hoping for a leaked security video to hit the web anytime now.

Thanks to Jalopnik & TopSpeed for this one

Porsche Panamera Spy Shots!

admin — Mon, 20 Oct 2008 14:04:02 +0000

Thanks to two wonderful websites (Globalmotors.net and our favorite car nuts Jalopnik) we’ve found some spy shots of the 4-door Porsche concept Panamera – way better than previous teaser shots of Panamera Porsche has supplied. Much to our surprise the vehicle looks amazing! (Admittedly, we were slightly worried about Porsche’s final product) Check out the spy shots and let us know what you think.

DKR’s Porsche 911 Turbo

admin — Thu, 16 Oct 2008 14:46:07 +0000

Why is this Porsche hidden away in a warehouse – which appears to be storing only boxes? We’re not sure, but if you can pick up a new Porsche 911 Turbo at Ikea we want to go NOW! Even better, Tuners DKR have enhanced Porsche’s 911 Turbo with astounding results.

Yes, you too can have a supercharged Porsche 911 Turbo supped up by DKR for a slight $7500. Additions include engine supplements that an bring the vehicle up to 540 horse power (up from Porsche’s base 480 hp) 571 lb-feet of torque. You’ll also have an upgraded exhaust system and ECU, perfect for impressing the hell out of your neighbor.