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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.

Audi RS7 & Audi RS Q3 SUV: UK Prices

The Audi RS7 Sportback & Audi RS Q3 (pictured) get priced. We’ve had the reveal of two new Audi RS cars in 2013, with the Audi RS7 Sportback bowing in at the Detroit Motor Show and the Audi RS Q3 arriving at Geneva. That will take the total number of RS Audis available in the UK to eight when the two new RS models arrive in early 2014, and now Audi has decided how much you’re going to have to pay.

Porsche 918 RSR

Following an absence of four years from the NAIAS, Porsche had been promising an all new concept to its North American contigency. The 918 RSR is exactly that. Evolving from the 2010 918 Spyder concept shown in Geneva, the RSR stays true to the overall theme of the Spyder but adds a roof and race-specific elements.