Toyota GM Denies Bid for Aston Martin

Toyota GM Denies Bid for Aston Martin
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It’s no secret; Toyota is buddy-buddy with British luxury automaker Aston Martin. The two firms have collaborated before, perhaps most famously the iQ-based Cygnet city car, and the latest gossip indicates is the “capital T” is interested in buying Aston. Continue Reading...

Porsche Skips Taxes on 4.5 Billion Euro Transaction… Legally

Porsche Skips Taxes on 4.5 Billion Euro Transaction… Legally
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If you’re wondering how to sell the controlling stake in a major car company for 4.5 billion euros and leave the tax collector hanging without legal worry, just ask Porsche. Continue Reading...

Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom

Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom
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In a deal eclipsing $410 million, DRB-Hicom purchased a 43 percent stake in Proton, a Malaysian automaker better known for its ownership of the famous British sports car brand, Lotus. Originally, the stake belonged to Malaysia’s state-owned Khazanah Nasional Bhd. However, as Proton has not made a profit in the last two years, multiple prospective… Continue Reading...