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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.

Pruett Vineyard releases wine celebrating the Rolex 24 at Daytona anniversary

Race-car driver Scott Pruett is a master in the vineyard as well as at the track, and his Pruett Vineyard has released four new vintages this fall in time for the gift-giving seasons. The recent releases include a 2008 Pruett Napa Cab, a 2010 Pruett Grenache, a 2009 Lucky Lauren Red and a 2009 Pruett Estate Syrah--which tastes of purple fruits with traces of ginger and black pepper--that commemorates the 50th anniversary of the Rolex 24 at Daytona. Prices for the fall releases range from $29 to $50, and the wines can be found at www.pruettvineyard.com.

Alpina's M car baiting line-up (2007): first official pictures

By Ben Pulman First Official Pictures 19 September 2007 04:20 You mean BMW Alpina? We do, because the Buchloe-based manufacturer has to feature the blue and white propeller badge on all its cars. Although Alpina is considered a manufacturer in its own right, that’s just how the deal with BMW works.