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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.

Autoweek in review: We drive the Ferrari F12 Berlinetta, Olympian Kim Rhode builds a Shelby and a missing Corvette is found

Autoweek gets behind the wheel of the new Ferrari F12 Berlinetta. The impression? Brilliant.

Volkswagen Passat Alltrack: The VW Allroad arrives

The VW Passat Alltrack - debuts in Tokyo Volkswagen has jumped on to the Allroad bandwagon with its own take on Audi’s faux off-roader, with the reveal of the 2012 VW Passat Alltrack. As you would expect, the Passat Alltrack is a butched-up Passat Estate with a raised ride height, extra bits of plastic round the bumpers, skid plates, flared side sills and 4WD – VW’s 4MOTION – for more traction in boot sale car parks. But when you don’t need the 4WD, around 90 poer cent of the drive is through the front wheels – saving fuel – with the rear wheel drive only coming in to play when you start to slip and slide.