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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.

Cadillac ATS coupe confirmed

General Motors plans to introduce a coupe version of its Cadillac ATS compact next year, one in a spate of vehicle introductions for the luxury brand. Several dealers told Automotive News they were shown an ATS coupe at a national dealer meeting in Las Vegas this month. Also unveiled to dealers was the 2015 Escalade, which is expected to go into production in January.

Hyundai i40 Saloon joins the i40 Tourer – prices and specs

Hyundai i40 Saloon As regular readers will know, we’re very impressed with the Hyundai i40 Tourer. But a load-lugger is not the meat of the market for car makers, so we’ve been waiting for the Hyundai i40 saloon to arrive. And now it has.