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Porsche-Piech buy 10% stake in VW's holding company

In August, 2009, as the scuttled merger of Porsche and Volkswagen had gone bad and Porsche was backed up against the ropes, Porsche Automobil Holding SE (PAHSE) relinquished a ten-percent stake in itself to Qatar Holdings as well as options it held on 17 percent of VW shares. The sale meant that, for the first time since the founding of the company 61 years before, an entity outside the Porsche and Piech families had a say in the running of PAHSE.
Buying that ten-percent stake back returns full ownership to the two families, the holding company's sole possession being ownership of 50.7 percent of VW's common shares. The price paid wasn't disclosed, but at market rates the purchase would be worth close to $1.25 billion. Qatar intends to hold onto the 17-percent stake it has in Volkswagen.

Porsche reveals new 911 Turbo Cabriolets, starting from $160,700*

Porsche has come a long way from the days when its entire model line revolved essentially around the 911, but its prototypical rear-engined sports car is still what it's known for best, and still keeps the German automaker pretty busy. With a seemingly endless array of variations on the theme, the 911s just keep on coming until a new generation arrives and then it starts all over again. And what we have here is the new king of the hill (for now, anyway).
Set to debut at the Los Angeles Auto Show a little less than two months from now are the new Porsche 911 Turbo Cabriolets. And no, that's not a typo: that's cabriolets, plural, because what you're looking at are two new models. First up is the 911 Turbo Cabriolet, whose 3.8-liter twin-turbo flat-six develops 520 horsepower, driving the droptop to 60 miles per hour in 3.3 seconds. That's Porsche's claim, and we have a feeling it's a bit conservative. But if that's still not enough, the 911 Turbo S Cabriolet adds an extra 40 hp for a total of 560 to drop the benchmark acceleration run down to 3.1 seconds.
That makes the new topless Turbos 30 horses stronger and 0.2 seconds quicker than the respective models they replace, but the weight penalty involved with replacing a fixed roof with a folding one (and the necessary structural reinforcement) does make the new 911 Turbo Cabs a smidgen more lethargic than their contemporary coupe counterparts, which run the gauntlet in 3.2 and 2.9 seconds in standard Turbo and upgraded Turbo S specs, respectively. They only lose a single tick on the top speed, though, which clocks in at a follicle-tickling 195 mph in either spec. Otherwise the specifications are as identical as you might expect.

2015 Porsche Cayenne spotted with facelift

Although it's only been a few years since the current Porsche Cayenne was introduced, Porsche seems to be working on a midcycle update for its big SUV possibly in time to welcome the smaller Macan. As seen in these recent spy shots, it looks like the Cayenne will be getting a minor face- and butt-lift, but it's hard to say what other changes are in store or when the updated model will hit showrooms.
Up front, expect the Cayenne's new face to resemble what was just revealed on the 2014 Panamera, and we could also see this SUV using some of the new engines introduced on the Panamera including the 3.0-liter twin-turbo V6 or maybe even the E-Hybrid model. We're guessing that the new Cayenne could debut sometime next year likely for the 2015 model year. In the meantime, check out the gallery of spy shots above.