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Jaguar Mark 2 by Ian Callum revealed (video)

Ian Callum and his ‘new’ Jaguar Mark 2 More than a year ago we reported that Jaguar designer Ian Callum was working with Classic Motor Cars (CMC) to redesign and recreate the perfect Jaguar MK II. And now it’s finished. The finished car has been revealed at the official opening of CMC’s new HQ in Shropshire, and although the updates Callum has made to the Mark 2 may not be to everyone’s taste, they are impressive and the car does look glorious.

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.

Fisker Karma Hybrid will do 80mpg – official

The Fisker Karma Plug-In Hybrid will do 80mpg But now we have some official figures from Fisker courtesy of SAE. The new Fisker Karma will – in normal motoring – average out at a shade over 80mpg. Which considering it will get to 60mph in under 6 seconds and produces a total of 400bhp is quite remarkable.