Porsche Announces That It Controls Volkswagen, Offers To Buy Audi

With Porsche's revelation today that it owns 35.14% of Volkswagen shares comes the news that VW is now a subsidiary of Porsche, thus ending the long slog toward Porsche ownership »9/16/08 10:20am9/16/08 10:20am. Stuttgart has announced its intention to continue purchasing VW shares until it owns a 50% stake. Porsche also made an obligatory offer for…

Supplies! Brembo Buys Hayez Lemmerz' Brake Division

Brembo North America, maker of the car parts that stop bad rich drivers from killing themselves in their Porches, has just purchased the Automotive Brake Components division of Hayes Lemmerz (the largest maker of commercial wheels in the world). The move should make Brembo brakes better, faster and (hopefully) cheaper… »11/09/07 11:45am11/09/07 11:45am

Zipcar buys Flexcar, monopolizes this car-sharing game

Zipcar announced on Wednesday that it was acquiring rival Flexcar in an effort to head off competition. With the addition of Flexcar's business, Zipcar extends to approximately 5,000 vehicles and 180,000 members. The hope is this will let them compete with the big name operators, such as Enterprise and U-Haul, which… »11/01/07 11:00am11/01/07 11:00am

Rental Car Merger In The Works: Would You Rent a Dollar Thrifty Alamo National Taurus?

A merger may be in the works between the cleverly named Dollar Thrifty Automotive Group and Vanguard Rental, which operates the Alamo and National brands. The deal could be worth as much as $3 billion and push the combined company into the No. 3 slot in the rental game, behind Hertz and Enterprise. The car rental… »2/14/07 4:30pm2/14/07 4:30pm