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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.

Toyota Auris Hybrid in the UK

Toyota are to produce a Hybrid version of the Auris Toyota are planning on building – in the UK – a Hybrid version of the Toyota Auris. This will feature the same Hybrid platform as the Prius, which will give it a 98bhp petrol engine together with an 80bhp electric motor. But because the Auris is smaller than the Prius, and less well equipped, the new Toyota Auris Hybrid will come in at a lower price, which will pitch it below the Honda Insight – a key marketing advantage.

2011 Ford Flex goes Titanium

Taking a page from its SEMA playbook, Ford is rolling out a top-of-the-line, semi-blinged-out people hauler for 2011, the Flex Titanium. It's dressed up for a night on the town, or a trip to soccer practice, and was devised by Ford product gurus who noticed most Flex customers tend to take high levels of content in their vehicles. The Flex Titanium has a unique black chrome-finish grille with Flex badging on the edge of the hood--a cue straight from SEMA models in 2008 and 2009.