Vintage Roseland Nj Aqua Meter Nautical Boat Marine Black 1974 Dome Compass 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.

2009 Hyundai i20 Review

Cars UK [rating:3.0] Hyundai i20 - Euro styled Getz replacement The Supermini segment is a very competitive one, and Hyundai has sold relatively well to date, based mainly on price. But how will it fair with the i20, which is much more Euro mainstream? Well, price-wise it remains very competitive, with prices kicking off at a very modest £8k.

E-Type Jag is the nation’s favourite sports car

E-Type Jaguar - the Nation's Favourite Sports Car You may remember we reported a few weeks back that the organisers of the Silverstone Classic were running a poll to find out the nation’s favourite sports car of all time. The ‘nominees’ left a little to be desired, with some of the greatest sports cars ever built conspicuously missing from the list. But there were a few goodies from which to choose, and a few that should never have made the list in the first place.