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Wiedeking to be offered $140 million to quit Porsche, report says

Porsche 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.

Next-gen Passat to offer hybrid and twin-turbo power

VOLKSWAGEN is going even more upmarket with the all-new version of the Passat, which is due to hit showrooms later this year. Soon buyers will be able to include a plug-in hybrid and an all-new 2.0-litre twin-turbo diesel among their forecourt options, as VW goes chasing after its sister company Audi. Weight-saving measures have chopped up to 85kg from the new kid on a like-for-like basis, which helps achieve VW's stated efficiency boosts of 20% versus equivalent outgoing Passats.

Google boss says Mercedes has ‘Magical Software’

Google's Vic Gundotra praises the Mercedes S-Class The common perception is that everyone at Google drives a Prius or an EV or has no interest in anything as last century as personal transport. Google has a fleet of eco-cars – plug-in Evs and range extenders – for employees’ use and runs a biodiesel shuttle for ‘Googlers’ to get to work. It’s also been busy building recharging points in and around its home in Mountain view.