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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.

Supercar owners hire runway to find top speed

“What’s the point of owning a supercar,” some might say. “You’ll never be able to reach its full performance potential on the road.” And while that’s true, there is an alternative to risking your driving licence if you buy a car like the new McLaren 650S or Lamborghini Huracan. Essentially, someone hires a private runway, and invites a load of supercar owners to drive as fast as they can before running out of tarmac.

McLaren: The dealer network takes shape

The McLaren dealer network is starting to take shape Most of what we’ve written about McLaren in the last month or two hasn’t been about the new McLaren – the McLaren MP4 12C – but about McLaren’s venerable hypercar the McLaren F1. Firts we had Ron Dennis telling anyone who’d listen – quite rightly – that the showdown Top Gear staged between the Mac and the Bug had to be re-run repeatedly until the Bug actually won, but Ron being Ron had to go a step further and proclaim the Veyron a ‘Piece of Junk’. But it made his point.