1968 Mustang Left Front Fender 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.

Audi A6, A6 Avant & A7 Black Edition launched

Audi has released Black Edition version of the A6 Saloon, A6 Avant and A7 with extra equipment and cosmetic tweaks. Audi has taken the S Line A6, A6 Avant and A7 and given them a ‘Black’ makeover for a special edition range that starts at £35k and carries on to almost £57k. Cosmetic and equipment additions over and above the regular S Line Spec include rotor-design alloys with a dark titanium finish (20″ on A6, 21″ on A7), black finish for the grill and window surrounds, privacy glass and black roof rails on the A6 Avant. Inside there’s Piano Black trim, black leather seats and black headlining.

Fisker Karma does 62mpg. Or 24mpg. Officially.

Fisker Karma - from 24mpg Yes, you read that right. The Fisker Karma now has official economy figures from the EPA in America so it can go on sale in the States. But didn’t Leonardo Do Caprio get the first Karma sold in the US back in July?