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Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show

Toyota Hydrogen Fuel Cell breakthrough to be announced at Frankfurt Motor Show Regardless of whether you think the electric car is potentially a planet saviour or not, the idea of powering cars with hydrogen is a powerful one; the holy grail of automotive powertrains. Technically, ICE cars can be built to run using hydrogen (and a retro-fit allowing that to be achieved economically would be a huge breakthrough) but car makers are heading down the road of electric cars being powered by a hydrogen fuel cell at the moment. In Toyota’s case, that means a setup similar to their hybrid cars, with a hydrogen fuel cell replacing the petrol engine.

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.

Ford, GM post biggest drops, industry sales slump continues

Ford Motor Co. and General Motors posted the sharpest sales declines among major automakers as the industry headed toward its sixth straight monthly drop of more than 30 percent. Ford's March sales fell 42.1 percent and GM's were down 44.7 percent, for its fifth decline of more than 40 percent in the past six months.