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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday. The newspaper said Wiedeking has been visited by Porsche Chairman Wolfgang Porsche in the past few days, who “made it clear” that the embattled CEO should step down. Wiedeking has come under fire for allowing Porsche's holding company to amass debts of more than $12.7 billion (9 billion euros) during a failed attempt to take over VW.
VW Passat Bluemotion 2 (2008) unveiled
Mon, 03 Nov 2008By Ben Whitworth First Official Pictures 03 November 2008 10:50 Volkswagen has opened up its order books on its new Passat Bluemotion 2, it’s cleanest and greenest Passat yet. Replacing the current Bluemotion model, the Mk2 Bluemotion is powered by a 110bhp 2.0-litre common rail diesel that’s been recalibrated with a lower idle rate and fitted with a switchable start/stop system to cut emissions and boost economy. When it arrives here in January, the Passat will post a combined economy figure of 57.6mpg and a CO2 rating of 128 g/km - useful savings compared to the outgoing 1.9-litre 105bhp BlueMotion model (55.4mpg and 136 g/km).
Ford to sell two concepts at auction
Tue, 09 Aug 2011Amongst the numerous one-off concept cars and rare historic vehicles set to be auctioned off at the forthcoming RM Auctions sale in Monterey, California, Ford has contributed two of its own unique concept cars to be sold. All proceeds of the sale will go to the Juvenile Diabetes Research Foundation (JDRF) charity. The race-inspired 2005 Ford Shelby GR-1 concept and the 2001 Thunderbird Sports Roadster concept will be presented by the world's largest collector car auction house on August 19th in California as part of its Monterey sale. It is believed that the 2001 Shelby will sell for between $150,000 and $200,000 while the 2001 Thunderbird concept will fetch between $125,000–$175,000. There will be no reserve on the cars.
