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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.

VW Touareg R-Line arrives & Volkswagen cut price of VW CC

Volkswagen has launched the Touareg R-Line in the UK with sporty looks and extra equipment,  and cut the price of the VW CC. A lot of VW’s SUVs – big and small – do conspire to look a bit bland in standard guise, so to give sales a bit of a boost VW is busy rolling out the R-Line option to tart up their cars a bit. Latest to arrive is the VW Touareg R-Line – Volkswagen’s biggest SUV – which gets the full R-Line makeover with a sporty take on the Touareg’s look by adding new butch bumpers and side skirts, the addition of a set of 20″ Tarragona alloys, R-Line badges – inside and out – and panoramic roof.

Kia Carens MPV (2012) first official pictures

Kia has taken its compact family wagon, the Carens back to the drawing board with the release of the all-new 2012 model, bringing it up-to-date with Kia’s current design direction.   The Carens is the last model in Kia’s line up to receive the ‘tiger nose’ facelift under the direction of chief designer Peter Schreyer, best known for designing the Mk 1 Audi TT.   The revised Carens takes on a sharper, more ‘athletic’ shape than the former chunkier model, offering a more practical, cab-forward take on the sportier looking new Ceed on which it is based.