Summit Racing Circle Track Axle Shaft Ctaxboxk31 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.

Jaguar E-Type 50th Celebrations

The Jaguar E-Type is 50 If there is one car that defines a generation – and its maker – it’s the Jaguar E-Type. Launched to an astonished public in 1961, the E-Type Jag offered the promise of 150mph performance, all wrapped up in a body so glorious even Enzo Ferrari was moved to call it “The most beautiful car in the World”. The E-Type stayed in production for 14 years, from the very first 3.8 litre flat-floor cars (a pain to drive) right the way through to the automatic V12 E-Types of 1974, which BLMC couldn’t give away.

Aston Martin Cygnet concept (2009) first official photos

Aston Martin has finally released detailed pictures of its premium supermini, the Cygnet. Based on the Toyota iQ, and sharing the majority of its mechanicals and interior architecture with the Japanese city car, the Cygnet is a major deviation from Aston Martin’s bread and butter luxury supercars. Sort of.