1980 Corvette Original 22x25 Poster Brochure / Sales Catalog Plus Postcard 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.

Farbio GTS (2007): first official pictures

By Ben Pulman First Official Pictures 20 September 2007 04:50 Looks good. How much? Not impatient, are you?

Porsche Panamera Diesel (2011) first official pictures

Like the Porsche 911 GT3 RS 4.0? Then this new Porsche Panamera Diesel probably isn't the car for you – it's the cheapest and most economical Panamera yet. The new Panamera Diesel is also Porsche's second-ever diesel model, joining the Cayenne in Porsche's oil-burning range.