04 05 06 Mazda 3 6 Keyless Entry Remote Kpu41846 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.

Hennessey Venom GT (2010) first official pictures

Less is more with the Lotus Elise. Hethel’s smallest sports car is sweetest when its lightweight aluminium chassis has a little naturally aspirated engine providing the power; a 257bhp Exige variant is about as powerful as it ever needs to be. So here’s a 1200bhp version… That’s right.

Own a Toyota? Get a cheap garage door

Got a Toyota? Get a cheap garage door Life has not been a bed of roses for Totota owners just lately with the Toyota Recall in full swing round the globe. They’ve suffered the indignity of having to swap the smugness many had about the real world reliability of their chosen transport tosuffering not just the worry of whether their own Toyota has a potentially lethal fault, but the severe mickey-taking of non-Toyota owners.