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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.

Vauxhall / Opel Adam spied undisguised

The GM rival for the MINI and Fiat 500 – the Vauxhall and Opel Adam – has been caught undisguised on a photo shoot in Spain. The last news we had of what we thought was going to be the Opel Junior was GM’s announcement that it would actually be the Opel Adam – named after Opel’s founder – and, oddly, also the Vauxhall Adam. So far we’ve only seen the usually prototypes with swirly camouflage floating around Europe’s roads, but now we get the first shots of the Adam grabbed undisguised on a photoshoot in Spain.

Caleb Armstrong Wins Turkey Night Grand Prix at Irwindale

A.J. Foyt, Parnelli Jones . .