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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.

Why the Honda Ridgeline pickup is driving off into the sunset

The Honda Ridgeline is a good example of what happens when an automaker abandons a model. After much fanfare with its introduction in 2005, little was done to upgrade the mid-sized pickup. Ridgeline's plummeting sales are no surprise considering the lack of sheet metal changes and significant engineering improvements over the seven-year period.

Honda’s new mini-SUV Juke rival revealed

This is the first sight of the production-ready shape of Honda’s forthcoming small crossover – a machine intended to rival Nissan’s Juke, Vauxhall’s Mokka and the MINI Countryman. If it looks familiar, that’s because it was previewed at January’s Detroit show as the “Urban SUV Concept”.