REFILE-UPDATE 2-Porsche to raise $7 billion in capital--source


(Refiles to add dropped word not in 7th paragraph) * To raise around 5 bln euros in equity capital * Capital increase is condition for Volkswagen merger * Porsche, underwriting banks decline comment (Adds background, no comment from Porsche and banks) By Philipp Halstrick and Edward Taylor FRANKFURT, March 25 (Reuters) - Debt-laden German carmaker Porsche will begin a 5 billion euro ($7.1 billion) capital increase in the next few days, clearing the way for a merger with Volkswagen, ...

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Feb 22, 2018

2018 Wards 10 Best Engines Ceremony

Today, WardsAuto begins posting videos from the 2018 Wards 10 Best Engines celebration, held during the North American International Auto Show. In this segment, editors Drew Winter and Tom Murphy kick off the event. Beginning tomorrow, videos with each winning automaker's acceptance speech will begin posting, one daily, in alphabetical order....More


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