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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.

Aston Endures

Aston Martin is unabashed in the claim: It's the coolest luxury car brand in the world. It says so openly. And really, who can argue?

SsangYong Korando gets a makeover for 2014

The 2014 SsangYong Korando (pictured) gets a facelift SsangYong have been on a bit of a mission to place the Korando as a perfect budget offering in the burgeoning Compact SUV market since it arrived in 2011. We’ve had the Korando SX arrive last year to tempt more buyers in, and a £1 million advertising campaign (focused on ‘economically challenged’ areas of the UK) to raise awareness, and now we get a facelift for 2014 to make the Korando more appealing. The facelift means a new grill, new headlights with LED driving lights, bigger air intake at the front, new lights at the back, new colours – Sunrise red, Cosmic blue and Carbonic grey - and some new wheels designs.