New Bosch Water Temperature Sensor, 0280130037 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.

Lamborghini turns Black Cab for a day

HAVE YOU ever seen a Lamborghini taxi? Probably not, but for one day only the brains behind the new Pure Rally initiative turned a Gallardo supercar into a London Black Cab. Londoners and tourists alike were able to hail the 201mph 'Lambo Cab' on Wednesday April 23, as part of a publicity drive to promote a new, more affordable kind of pan-European car rally adventure.

Mitsubishi returns to Pikes Peak with all-new MiEV Evolution III

Mitsubishi is back again with an all-new version of its electric hill-climbing machine, the MiEV Evolution III. A pair of the fully electric race cars will compete in the 92nd running of the Pikes Peak International Hill Climb on June 29, held just outside of Colorado Springs, Colo. Replacing the MiEV Evolution II that came in second in the EV division in last year's, “Race to the Clouds,” the MiEV Evolution III comes with a full force of upgrades that look to bump it to first place.