18x8 Forte F57 "phantom" (black Mirror) Wheel/rim(s) 5x115 5-115 18-8 on 2040-parts.com

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.

Man arrested for stealing same Ferrari twice

AUTHORITIES have arrested a California man they say stole the same Ferrari - twice. Earnie Hooks, of Los Angeles, was arrested last week behind the wheel of the 250,000 dollar (£155,000) car, the Riverside Press-Enterprise said. Court records said he has pleaded not guilty to car theft and resisting police.

IAT Crosswind II concept (w/ Gallery)

The Crosswind II concept was one of three very competently resolved full-size models displayed on IAT's large stand at the Beijing motor show. A development of the Cross-Coupé model seen two years ago in Beijing. It's a simple concept: the top half is coupé, the lower half has a tough offroader aesthetic,  and it's powered by a 150kW electric motor.