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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.

Hello, America. It’s ‘Your Turn’ for the new Jaguar F-Type (video)

But great product isn’t enough on its own, sadly, to get real buyers to part with real money to buy a car. What you need is clever ways to get that product across the gaze of the demographic you’re looking to target. And Jaguar have got very good at that.

Porsche Panamera revealed at Shanghai Motor Show

Porsche has finally officially revealed the Porsche Panamera at the Shanghai Motor Show As we’ve said before, the Panamera is not the most stunning looking of cars, and is left in the wake of the Aston Martin Rapide in the style department. But it would seem to us that Porsche is going to have another Cayenne-like success on its hands with the Panamera. As with the Cayenne, its looks are criticised, but it does everything else so remarkably well, and has the kudos of the Porsche badge, and it’s hard to see how it will fail.