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Jaguar XJ facelift (2007) first news and photos

By Ben Barry First Official Pictures 08 March 2007 12:31 The supercharged XKR might have only recently pounced from the starting blocks, but Jaguar has already announced a special edition at Geneva - the XKR Portfolio. While mechanical specifications are almost entirely as per the original model, the Portfolio boasts unique Celestial Black paint, upgraded interior trim and a Bowers and Wilkins stereo system. Power remains unchanged at 420bhp.

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.

Fiat 500 Abarth gets automatic transmission option for 2015

If you're a fan of the design (and the performance numbers) of the Fiat 500 Abarth and its cabriolet version but not its manual transmission, you'll want to hear this. Fiat has announced that the 2015 Fiat 500 Abarth and Abarth Cabrio will be offered with an optional six-speed automatic transmission in addition to a slightly redesigned interior. The new models will appear at the New York auto show next week.