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Audi hike prices for UK Cars

It was always going to happen. The current weakness of Sterling against the Euro was always going to end up with Euro car makers putting up prices, and Audi has now decided to bite the bullet and push up prices by an average of 2% from 23rd February. Audi will, however, honour all existing orders and will not be seeking a surcharge.

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.

Infiniti IPL G Cabrio Concept (2010) first pictures

This is the Infiniti IPL G Cabrio Concept, a show car that will be unveiled at the 2010 Paris motor show. IPL stands for Infiniti Performance Line, it’s the Japanese car company’s answer to M Sport and S-line, and this concept is designed to test the water in Europe ahead of a potential launch for the kits on this side of the Atlantic. Yes we have.