47-49 Studebaker Champion Main Shaft Nos on 2040-parts.com

Citroen DS3 hits 200,000

The upmarket Citroen C3 – the very appealing Citroen DS3 – has hit the 200,000 production mark this week, a little over 2 years from launch. But we had to do a complete volte face when we finally had the new Citroen DS3 in for review – it’s an absolute cracker. In fact, so impressed were we with the DS3, we thought it probably the best car we’d had in during 2010, something Top Gear ended up agreeing with us on when they made it their car of 2010.

£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.

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.