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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.

A14 to become world’s first wifi road?

Around 70 miles of the A14 between Cambridge and Felixstowe is to become a ‘smart road’ fitted with sensors that monitor traffic movement. These sensors will generate highly accurate information about the level of traffic congestion, which is then wirelessly transmitted to a central control system in order to automatically adjust the variable speed limit. On Bing: see pictures of smart roads Find out how much a used Smart car costs on Auto Trader Sounds quite cunning, really.

Toyota Yaris Hybrid: Previews new Yaris

Toyota Yaris Hybrid - a preview of the next-gen Yaris Toyota are determined to shove hybrid gubbins in anything they build that moves, so we now get a hybrid version of the next generation Yaris revealed at Geneva. Just as Toyota aren’t saying if the new Prius+ will get the regular 1.8 litre hybrid drivetrain (we think it will), they’re also not saying if the Toyota Yaris Hybrid will get it. We’re assuming not, because it would then out-perform both the Prius and the Auris Hybrid, which would never do.