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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.

Toyota/Scion coupe specs reach the Internet

Specifications for the Toyota FT-86 and Scion FR-S coupes have leaked on the Internet via scanned images of the training manual, posted at www.ft86club.com. If the site's translations are correct, the 2,667-pound coupe will use a 2.0-liter flat-four engine that makes 197 hp at 7,000 rpm and 150 lb-ft of torque at 6,600 rpm. It looks as if the FR-S will come in two trim levels: a higher-spec variant that features a limited-slip rear differential in both manual and automatic versions of the car and a lower-spec model that has only the limited-slip diff with the manual transmission.

Jaguar F-Type: On sale 20th April 2013

But that’s set to change this month with the new Jaguar F-Type officially going on sale on 20th April (in the UK, at least), when Jaguar are expecting many of the thousands of ‘Expressions of Interest’ in the F-Type to turn in to confirmed orders. And so they should. From an initial scepticism about Jaguar’s seemingly ‘premium’ pricing of the F-Type, we eventually concluded it was nothing of the sort.