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Sex sells in 2013 Super Bowl ads

Super Bowl car ads are big business. To create even more of a buzz, many automakers pre-release commercials on YouTube in the days leading up to the big game. So far Audi, Volkswagen, Fiat, Hyundai and Mercedes-Benz have released ads.

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.

Lamborghini seized in police swoop

A LAMBORGHINI worth around £300,000 was among the vehicles seized by police during a crackdown on uninsured cars. The orange supercar was initially stopped by officers in Newham, east London as it had no front number plate, and further checks revealed the driver was not the registered owner. The Lamborghini Aventador - which does 0-62mph in 2.9 seconds and has a top speed of 217mph - was seized when police discovered the driver's insurance policy did not cover him to get behind the wheel of the luxury motor.