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New Mercedes ML to be the Mercedes GLE

The Mercedes Concept Coupe (pictured) will arrive as the Mercedes GLE Coupe Car makers’ model ranges have grown massively in recent years and that, in a lot of cases, has left traditional model designations floundering to inform potential buyers. Mercedes has made some moves of late to address the lack of clarity in model designations (the Mercedes CL, for example, has become the new Mercedes S-Class Coupe), and new models have started to arrive with more descriptive names. Models like the CLA (a coupe from the A-Class range) and GLA (an SUV/Crossover from the A-Class range) and that looks set to be extended when the next Mercedes ML and ML Coupe arrive in 2015.

Concept Car of the Week: Citroën C6 Lignage (1999)

By the late ‘90s, the bold but ageing Citroën XM was becoming irrelevant compared to the freshly updated German sedans. The press even started to suggest the XM would be the last high-end car to carry the double chevron. What they didn't know was that the designers were already working on the next model, although that wouldn't be ready until few years later.

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.