Klein Tools Tradesman Pro Organizer Tech Bag on 2040-parts.com

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.

TVR revival: latest news

By Tim Pollard Motor Industry 10 July 2008 12:56 CAR Online has compiled a dossier on the changing fortunes at TVR – and we've just published a separate story with the world exclusive scoop on the new Sagaris 2, with which the brand is relaunching. Click here for the full lowdown on what's going on at the Blackpool sports car maker. Can they they really make it back from the grave?

New (2013) Lexus IS: Official Photos revealed

Lexus has revealed the first official photos of the new Lexus IS which will debut at the Detroit Auto Show next week. What we see is a much more dynamic looking IS, borrowing visibly from the LF-CC Concept we saw at Frankfurt last year, and promising to be the best effort yet by Lexus to put a dent in the BMW 3 Series. Prominent is the new Lexus spindle grill with a set of mean looking headlights with arrow shape LED running lights, with the cabin looking further back than the current IS, a coupe-like profile and a swoopy crease running back from the sills to the tail.