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Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.

Nissan working on next-generation battery that is lighter, less expensive

A year before it launches U.S. sales of its first electric family car, Nissan Motor Co. is developing a next-generation battery that will be lighter and less expensive.

The Lamborghini Egoista is an exercise in self-indulgence

Here are some things you should know about the Lamborghini Egoista concept, which has made quite a splash since its debut as part of Lamborghini's 50th anniversary celebration: 1. Enjoying the Egoista's 5.2-liter V10 with a reported output of 600 hp will always be a lonely affair. The car is a one-seater.