Precision Joints 232 Universal Joint on 2040-parts.com

Ferrari 599XX Evolution (2011) unveiled

While the rest of the world's media was at the Tokyo motor show, Ferrari stuck local with a surprise - modest - announcement at the 2011 Bologna motor show in Italy. It unveiled an evolution of the Ferrari 599XX, the track-based R&D and race toy for its well heeled customers. What's new on the Ferrari 599XX for 2012?

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.

Volvo could be heading East

Actually, it could be going absolutely anywhere a bid can be found. As we reported last week, Ford is trying desperately to unload its last remaining prestige marque – Volvo. And, as we thought, the disposal of Volvo by Ford is said to be a condition of the help that Ford, along with the other main US car makers, is begging from the US government.