Porsche & Volkswagen Compensation Claims Hit $2.3 Billion

Claims against Porsche and Volkswagen which were filed in a German court late last year have reached a staggering 1.8 billion euros ($2.3 billion). The massive claims pileup were filed against the two automakers for allegedly holding back crucial information from shareholders. Brief: Porsche and VW compensation claims reach 1.8 billion euros in German court … Read more

2012 Kia Optima K5 Brochure Leaked, Confirms HPD

The new-generation Kia Forte, Sportage and Sorento are finally pushing Kia in the spotlight thanks to the more aggressive styling courtesy of Audi’s ex-chief designer. And now it looks like that infamous tiger grille will be making its way on to another Kia model, the 2012 Kia Optima K5. 2012 Kia Optima K5 brochure leaks, … Read more

BMW To Launch 2 New Models Below The 1-Series

If you already know that Audi is expected to display its brand new A1 hatchback in March 2010 at the Geneva Motor Show, and Mercedes–Benz is all set to exhibit its new A-Class, then you must be wondering about BMW’s launch. Sources say that the Bavarian car maker is preparing to launch two new models … Read more

VW & Porsche Make Merger Official

It was only a matter of time and merger news has finally arrived. The Volkswagen Group, the largest automotive group in Europe, and manufacturer of sports cars Porsche, agreed yesterday during a meeting in Wolfsburg, the integration of both companies into one “automotive consortium.” At the head of the company shall be the chairman of … Read more

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