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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.

The Britalian Job: MINI remakes the Italian Job for London 2012

MINI has done a remake of the Italian Job – dubbed the ‘Britalian Job – to celebrate the London 2012 Olympics. MINI always turns up interesting promo videos (not always good, but always interesting) so with BMW sponsoring the London 2012 Olympics it’s no surprise they’ve had their camcorders out. The result is something MINI are calling the ‘Britalian Job’, an homage to the classic 1960s Italian Job with the original Mini and starring Michael Caine and Noel Coward (and Benny Hill), although in truth it’s more like an homage to the later version with Charlize Theron.

Study: More likely to date millionaire than crash car

You are less likely to be in a car accident on a 1,000-mile trip than you are to date a millionaire. Seem unbelievable? Esurance says it's true in an infographic it published recently that compares the odds of common driving mishaps, such as getting pulled over, to flipping a coin or pulling an ace out of a shuffled deck of cards.