Mercedes W123 300d Front Cabin Light Fixture 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.

Ferrari Mille Chili conceept (2007): first official pictures

By Ben Oliver First Official Pictures 21 June 2007 05:51 The Mille Chili? So this is Ferrari’s green supercar… Yes. Officially it has no name, but internally it’s called the Mille Chili (thousand kilos) and it’s arguably the most important concept car Ferrari has ever shown.

Nissan strengthens Brazil connections with new design studio

Nissan has opened a new design studio in downtown Rio de Janeiro. Located within Nissan Brazil's headquarters, Nissan Design America – Rio (NDA-R) is operated as a satellite of the firm's studio in San Diego, California. Since November 2013, Robert Bauer has been leading a small team at NDA-R with two Brazilian designers: one color and trim designer and one exterior designer.