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Chevrolet Trax is a rebadged Opel / Vauxhall Mokka

Chevrolet Trax - arrives at Paris in September The Chevrolet Trax – a compact SUV – has been revealed and will make its debut at the 2012 Paris Motor Show.  We’ve already seen the Buick Encore in the US become the Opel and Vauxhall Mokka in Europe, and now it’s to morph again in to the Chevrolet Trax, a compact SUV for GM to sell under another brand. GM has revealed that Chevrolet take on the Encore/Mokka will arrive at the 2012 Paris Motor Show in September before going on sale in the UK and Europe – and 140 countries around the world – in spring 2013. With Chevrolet planning the Trax as a world car it seems likely that the engines on offer will be a mix of those found in the Buick Encore and the Vauxhall Mokka.

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.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.