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Citroen C3 Picasso (2008): first official pictures

By Phil McNamara First Official Pictures 08 July 2008 10:52 Citroen today announces the C3 Picasso, a supermini-MPV it claims has the innovative magic of the company’s DS masterpiece, the ‘useful and beautiful’ approach of Apple’s iPhone and the unblinking practicality needed to wound the market-leading Vauxhall/Opel Meriva. The spacious, eye-catching MPV goes on UK sale in summer 2009. It’s based on the next-generation C3 supermini, and runs four-cylinder engines turning the front wheels.

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.

Hooniverse explores BMW 5-series weight gain

Our friends at Hooniverse have put together an interesting and insightful perspective on the growth of the BMW 5-series from the E28 to the new F10. Despite putting on more than 1,000 pounds, the F10's performance and fuel economy is still respectable. Overall length is up, but the interior space remains largely unchanged.