Toyota reveals TS030 Hybrid endurance prototype

The Lord giveth, and the Lord taketh away. So, apparently, do the world's automakers. At least, that is, when it comes to Le Mans. Case in point: the new Toyota TS030 Hybrid, the Le Mans prototype that the Japanese automaker has just revealed, mere days after Peugeot announced its departure from the endurance racing scene.

Shorthand for the third Toyota Sport prototype – following the TS010 and TS020 that challenged Le Mans in the '90s – the TS030 is the first LMP1 to employ a hybrid drivetrain. (Peugeot was experimenting with a similar system before shutting down its program, and Audi is rumored to be testing one as well, but has yet to announce it to the public.)

Toyota Hybrid System – Racing (THS-R) couples a 3.4-liter V8 to one of two potential electric motor setups: a front-mounted system developed by Aisin AW or a rear-mounted one from Denso. According to regulations, the electric boost can only drive one set of wheels, and Toyota has yet to decide which, although the 500kJ capacitor supplied by Nisshinbo is already a lock.

The carbon fiber chassis, meanwhile, was developed in-house by Toyota Motorsport GmbH in Cologne, Germany – the same outfit that ran the company's F1 team and has been looking for a new project ever since. The facility will serve as the team's headquarters as well, from which it will field one car in its debut at the Six Hours of Spa-Francorchamps – the second round of the inaugural FIA World Endurance Championship – on May 5. Toyota is planning to field a second car at Le Mans in June, but while the first car's driver roster is already confirmed, the team has yet to decide on its second line-up.

Source: Autoblog

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Volkswagen says it could conclude takeover of Porsche this year

It's been a whole three weeks since we checked in with Volkswagen's takeoever of Porsche, and the most recent news wasn't so good: investors filed a $2.6 billion suit against Porsche over the Stuttgart maker's attempt to gobble up VW. Those same investors also filed an arbitration application against Volkswagen. That hasn't stopped a VW executive from saying that its ownership of Porsche could finally be concluded this year, according to a report in Der Spiegel.

VW had earlier predicted the deal would be done last year, then released a statement in September saying that that too many hurdles and unknowns remained concerning investigations and economic ramfications for the deal to get done in 2011. The hurdles centered around previous lawsuits, including one brought by American investors in 2010, and the fact that VW couldn't evaluate Porsche appropriately until they were settled.

However, the latest upbeat report on overcoming the obstructions to getting a deal done this year don't mention those lawsuits. Instead, the resolved issues are a one-billion-euro tax payment that VW can avoid by creating a holding company by 2014 to control the Porsche stake, and VW's agreeing to contractually assure Porsche retains control over its models and where it spends its money. According to that unnamed executive, this opens the door for VW to sponge up the final 50.1 percent of Porsche it doesn't own, for a price of €3.9 billion – about $5.1B USD – but we have no idea how or why the lawsuits aren't mentioned as a factor.

In the meantime, Reuters reports that VW and Porsche are working "at arm's length" even though they have the same CEO and CFO and are busy developing cars together, a fact which is testing CEO Martin Winterkorn's patience. Earlier this month, Winterkorn was quoted as saying he wants to bring the companies closer "without needing to have a lawyer stand next to a Porsche employee every time he screws something into a Volkswagen or vice-versa."

Source: Autoblog

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