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Spy Shots: Could this be the 2014 Porsche GT3 RS?

Brenda Priddy & Co. sent us the above photos in an e-mail with the subject line “BREAKING: 2014 911 GT3 UNCAMOUFLAGED!” So, we opened it and found a few shots of Porsche's new rear-engine, mini Panamera in “all black everything” but sporting very little camouflage. If this is indeed the 2014 Porsche 911 GT3 RS, the bodywork is either quite a bit more restrained than that of the outgoing 997.5 GT3 RS, or it's wearing bodywork that won't appear on the 2014 GT3 RS when it debuts at the Paris motor show in September.

BMW and Toyota to team up for sports car

BMW and Toyota have agreed to jointly engineer and produce a new sports car as part of a broad-reaching technical partnership that is also set to center on lightweight construction solutions, fuel-cell development and hybrid powertrains. The announcement of the deal builds on an existing agreement for the supply of BMW diesel engines for various Toyota models, agreed to in December 2011. That was advanced with the signing of a memorandum by BMW CEO Norbert Reithofer and Toyota chairman Akio Toyoda in Munich, Germany, on Friday.

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.