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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.

2011 BMW X3 M Sports Package: Official

BMW X3 M Sport Package - on sale Spring 2011 BMW has taken the wraps off a bit of butchness for the 2011 BMW X3 with the reveal of the M Sports Package. Which won’t surprise regular readers much as we reported on the 2011 BMW X3 M Sports Package as far back as July. Still, it’s nice that BMW has got round to making it official.

Bentley Mulsanne Executive Interior concept

Bentley is using its Mulsanne flagship to showcase a new Executive Interior concept, highlighting multimedia connectivity at the 2011 Frankfurt motor show. The new concept offers an impressive array of bespoke business, comfort and entertainment features designed to conduct business on the move. Renowned for its painstaking attention to detail, the hand-crafted Mulsanne cabin already takes Bentley's craftsmen and women over 170 hours to create.