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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.

Hyundai i40 Estate: Production-ready i40 debuts in Geneva

Hyundai i40 Estate debuts in production-ready guise at Geneva The Hyundai i40 has been cropping up all over the world in the last year as a very credible contender in the D-Segment. And now – better late than never – Europe gets its own Hyundai i40. The i40 on show at Geneva this week is the one designed for Europe at Hyundai’s European Design Studios in Germany.

2nd Generation Audi R8 eTron at Frankfurt

2nd Generation Audi R8 eTron at Frankfurt We did think that Audi were too busy playing with the electric go-kart that is the Urban Concept to bother with any more eTrons. But we were wrong. The 2nd generation Audi R8 eTron will début this week at Frankfurt.