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Skoda Octavia Hatch GreenLine arrives offering 88.3mpg – price from £20,150

Skoda Octavia Hatch GreenLine (pictured) promises 88.3mpg Even though official economy figures from car makers are, at best, disingenuous, they still serve, to a degree, and an indicator of a car’s relative economy. So the arrival of the Skoda Octavia Hatch GreenLine in Skoda’s UK showrooms with official economy figures of 88.3 mpg and emissions of just 85g/km, makes it an appealing offering for cost conscious private and fleet buyers. The Octavia Greenline Hatch  looks pretty much the same as any other Octavia, so you won’t be driving a car that shouts ‘I’m a cheapskate’, but you will get extra eco stuff like low rolling resistance tyres on 16″ Velorum alloys to give you the best chance of getting close to the official economy figures.

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.

Lada 'ready to sell in Western Europe by 2013'

Lada is set to relaunch in western Europe - including the UK - by 2012-2013 to counter the threat of Chinese car makers, senior sources admitted last night. Renault's global marketing senior vice president, Stephen Norman, told CAR that Renault-Nissan's stake in Russian firm AvtoVaz would help bring about the return of Lada to Britain. 'The UK is one of the few markets where Lada was a success,' said Norman.