Toyota Duet 1999 Rear Right Combination Lamp [9015500] 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.

Subaru XV Crossover revealed in Shanghai

Subaru XV Crossover Concept has the Qashqai and 3008 in its sites Last week we had a tease for the Subaru XV Concept in the usual form of a dark image with all detail taken out. But it looked like a crossover, and a crossover is what made most sense. And that’s exactly what it turns out to be – Subaru’s pitch at the Peugeot 3008 and Nissan Qashqai.

Volkswagen Touareg spied: Redesigned 2011 model put on a diet

Volkswagen engineers have put the Touareg on a diet as they prepare the next generation of the SUV for a 2010 launch as a 2011 model. The new Touareg will shed pounds via a greater use of aluminum. The goal: Shave 500 pounds to 600 pounds from the current Touareg's curb weight of nearly 5,100 pounds.