After already purchasing 10.26 per cent of VW’s common stock, Dr. Ing. h.c. F. Porsche AG, Stuttgart, has now secured another 8.27 per cent of the common stock of Volkswagen AG. Once this transaction has been completed, Porsche will hold 18.53 per cent of VW common stock before the end of October. This will make Porsche the largest single shareholder in Volkswagen AG, with the intention to establish appropriate representation of the Company on the Supervisory Board of the Wolfsburg-based car maker.

Porsche has furthermore established an appropriate hedge against an ongoing increase in the price of VW common stock and is in a position to acquire another 3.40 per cent through the market. This participation will not, however, as already stated by Porsche on 25th September, reach the threshold requiring the Company to submit a public bid for the takeover of Volkswagen.

In the meantime the German Anti-Thrust Authority has informed Porsche AG that the “plan for merger duly submitted and registered does not infringe upon the provisions of Section 36, Para 1 of the German Act on Restraint of Trade”, ruling that the planned takeover of common stock complies in full with legal requirements. So in the words of the Anti-Trust Authority: “The deal may be finalised and completed.”

2006 Porsche 911 Carrera 4 and 911 Carrera 4S

America's Avanti For 2006
10th October, 2005
The legendary and resilient Avanti Motors will make its mark this month with the redefined and redesigned coupe and convertible models ..... more

The 100,000th Audi Cabriolet
2nd October, 2005
The 100,000th Audi Cabriolet was produced at the company’s Karmann facility last week ..... more

2007 Ford Shelby GT500 Convertible
30th September, 2005
The Ford Shelby GT500, one of the most anticipated and powerful cars for America in 2006, just got hotter with the announcement that a convertible version will join the Ford line-up ..... more

Bentley Announces Stunning New Convertible
27th September, 2005
Bentley Motors has announced the pending introduction of the Continental GTC. The new luxury 2+2 convertible completes the Bentley Continental model range ..... more

Porsche Looking For 20% of Volkswagen
26th September, 2005
Porsche announced yesterday that it would seek to acquire a share of approximately 20 per cent in the stock capital of Volkswagen ..... more

Porsche Scores Record Sales In Germany
22nd September, 2005
Porsche posted another record for new registrations in Germany in the last financial year 2004/05. Overall, a total of 16,926 Porsche vehicles were registered ..... more

Audi Q7 For Sydney Motor Show
21st September, 2005
The new Audi Q7 SUV will be on display at the 2005 Australian International Motor Show ..... more

I'm Always Dreamin'
20th September, 2005
Codenamed ‘Project Tempest’, development work on a core range of affordable, high performance cars, is now at an advanced stage ..... more

New Mid-Engined Porsche Coupe
19th September, 2005
Cayman S – the name of Porsche’s new Sports Coupé - is based on the Boxster model. Its Australian release is just months away ..... more

Lamborghini Gallardo Spyder
14th September, 2005
Lamborghini launched its Gallardo Spyder at the Frankfurt Motor Show, providing the marque’s fourth model in its super car range ..... more

Covers To Come Off Audi's New S4 In Sydney
10th September, 2005
Audi's new S4 will be unveiled for the first time in Australia at the Australian International Motor Show, ahead of its November 2005 launch ..... more

Audi opens up its new Cabriolet at Frankfurt
7th September, 2005
Sharing new engines and extensive chassis revisions with the recently upgraded A4 Saloon and Avant, the latest Audi sun trap will be available in 2006 ..... more

Aston Martin V8 Vantage Coming To Australia
5th August, 2005
Aston Martin’s new V8 Vantage, has made an early bid to become the star of this year’s Australian International Motor Show. Show organisers have confirmed that the stunning two-seater coupe will make its Asia-Pacific debut at the Sydney exhibition on 13th October..... more

Audi A8L W12 Launched in Australia
28th July, 2005
Audi's ultimate long-wheelbase luxury limousine, the Audi A8L W12, has been launched in Australia ..... more

New Porsche Panamera Is Due In 2009
28th July, 2005
The fourth model series built by the Stuttgart car maker following the 911, the Boxster and the Cayenne will be called the "Panamera", a name derived from the legendary Carrera Panamericana long-distance race ..... more

Audi A8 Forges Ahead with a Fresh New Face
27th July, 2005
Audi will release its new A8 model range to the market in August with the striking trapezoidal 'single frame' grille spearheading the model range's fresh new face in Australia ..... more

Morgan Range Updated For 2005
20th June, 2005
With effect from July 2005 production, various product, specification and pricing enhancements are made to the various classic Morgan models ..... more

Peugeot Announces Le Mans Winning Ambition With HDi Diesel Technology
16th June, 2005
Automobiles Peugeot has announced its intentions to win at the famous Le Mans 24 Hours race, in a diesel powered vehicle featuring Peugeot HDi technology. The vehicle, to be developed in 2006 will also be equipped with a diesel particulate filter system ..... more