Porsche SE raised 4.9 billion euros ($7.1 billion) in a rights offering, boosting the sports-car maker’s chances of completing a merger with Volkswagen AG. (VOW)
A total of 99.7 percent of the available preferred shares were bought in the rights offering, with the remainder sold on the open market, the Stuttgart, Germany-based company said today in an e-mailed statement. The Porsche and Piech families, who control the common stock, also participated. Continue reading ‘Porsche Sells $7.1 Billion in Rights Offering’
On 7 April 1961, the Volkswagen Share was traded for the first time on a regulated open market, thus writing a chapter of economic history. The erstwhile “Volksaktie (People’s Share)” has grown into a rewarding security for both institutional and private investors and has experienced a long-term enhancement in value since then. “The Volkswagen Share has become a successful share,” Hans Dieter Pötsch, Member of the Management Board for Finance & Controlling, pointed out. “Once a symbol of the Beetle era and the German economic miracle in 1961, it reflects today the high performance and solidity of Europe’s largest automaker.” Continue reading ‘Volkswagen Share celebrates its 50th birthday’
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This is a genuine Rally motorsport vehicle, like the one that was still touring South America in the Dakar Rally two weeks ago and was built to withstand the toughest rally race in the world. The vehicle now being shown in Qatar is a version of the Race Touareg 3 – an SUV that can sprint to 100 km/h in less than six seconds – that is legally approved for use on public roadways. The just over two meter wide body was slightly modified for road use. Instead of 16-inch wheels, new 18-inch wheels from BBS with a gold look are being used. The “Race Touareg” signature – also in a golden color – stretches the entire length of the vehicle’s sides. In turn, it is perfectly coordinated with the exterior paint in “Magic Morning,” a white that has a slight gold shimmer to it. Continue reading ‘Street legal Race Touareg 3 Qatar’
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Volkswagen Group has been on a tear in the past few days in Qatar. Bugatti shows the Veyron 16.4 Grand Sport, Lamborghini and their Gallardo LP 560-4 Bicolore and now the Touareg Gold Edition complete with 24-carat gold inside and out. The V8 is even dusted with a bit-o-gold. Continue reading ‘Volkswagen Touareg “24-Carat” Gold Edition’
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Just a month before the world debut at Geneva Motor Show of its V12 replacement for the Murciélago, Automobili Lamborghini is presenting at the 2011 Qatar Motor Show a highly exclusive and appealing vehicle making its world premiere: the Gallardo LP 560-4 Bicolore, a Special Edition supersports car which will be produced for the European and Asian-Pacific markets, while for the American market it will be only available in the version LP 550-2. As its name implies, this special series features an exclusive two-tone finish with matching interior, and offers a full range of standard equipment. A refined contrast between the black roof and the color of the rest of the body (available in a choice of five shades) further emphasizes the sharp, dynamic lines of the Gallardo LP 560-4, while simultaneously enhancing its sportiness and adding a touch of elegance to an extremely prestigious model in the field of automotive design. Continue reading ‘Lamborghini presents the Gallardo LP 560-4 Bicolore’
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France’s legendary automotive marque, Bugatti, is presenting the Veyron 16.4 Grand Sport – the world’s fastest, most powerful and most exclusive open-top car – at the Qatar Motor Show. Continue reading ‘Bugatti presents the Veyron 16.4 Grand Sport in Qatar’
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Future mobility is one of the most stimulating topics of our time. The key question here: Just how much could the energy consumption of cars be reduced if all the stops were pulled out for efficiency? There is now an answer to this question, and Volkswagen is delivering it in the form of the new XL1. Combined fuel consumption: 0.9 l/100 km. No other hybrid car powered by an electric motor / internal combustion engine combination is more fuel efficient. The prototype will be unveiled in a world debut at the Qatar Motor Show (26 – 29 January). Continue reading ‘Volkswagen XL1 makes world debut in Qatar’
It’s 6 A.M. The light is soft and the air cool. In two hours, it’ll be about 95 degrees F., the sun pouring heat onto the pavement until the place feels like one giant hotplate. Around here, oil isn’t a dirty word; how does 90 cents a gallon sound? Thanks to vast oil reserves and even bigger natural gas stores (14 percent of the world’s total), tiny Qatar, thrust out into the Persian Gulf like a sandy thumb, has the highest per capita income on earth. (continue reading…)
