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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.

Bathurst 2010 gallery: all the out-takes

The descent from Mount Panorama, Bathurst's highest point. The cars are on the brakes all the way through The Esses, and someone's locked them here. And no, this isn't immediately post-safety car - the racing is often this close.

Saab Museum cars for sale

Saab Museum Cars up for grabs The bankruptcy of Saab has resulted in the entire Saab Museum collection of 120 cars being offered for sale by the liquidators. The final demise of Saab has meant much heartache for Saab’s employees, and lovers of the marque around the world, as more than 60 years of Saab’s history is consigned to the remnants bin – and that even includes Saab’s museum collection of cars, chronicling the history of Saab from 1946 to date. But Saab fans with deep pockets – or one fan with very deep pockets – now have the chance to grab a slice of Saab’s history, as the entire Saab Heritage collection has been put up for sale by lawyers acting for the liquidators.