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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.

Poll finds electric car 'confusion'

CONSUMER confusion is the main reason why electric car sales have failed to spark, according to a survey of motorists. Lack of understanding about the practicalities of electric cars is deepest among those keen to buy one, the survey by market research company GfK Automotive found. Just 8% of the 3,161 motorists polled said they would definitely or probably buy an electric car at some stage.

Car-pack download gives you more Forza

Even though Forza Motorsport 3 is barely past its launch, game designer Turn 10 wants to freshen it up a bit. So how do a few race cars, a few supercars and a Spec V sound? The Hot Holidays Car Pack will add 10 dream cars to your virtual garage.