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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.

Chevy to auction first Z06 for Karmanos Cancer Institute

Chevrolet is continuing its tradition of donating its first production model of a new vehicle to be auctioned for charity: The first production 2015 Chevrolet Corvette Z06 will be sold at the Barrett-Jackson Palm Beach, Fla. event on April 12. Proceeds will go to the Karmanos Cancer Institute, extending the General’s long-standing support for the organization.

Volvo's eco-friendly DRIVe (2008): first photos and video

By Nick Eaton First Official Pictures 10 September 2008 10:00 DRIVe is Volvo’s new eco-friendly, fuel-efficient technology that will be unveiled at the Paris motor show in October 2008, and we'll see it first on the C30, S40 and V50 1.6-litre diesel models. All of these cars achieve CO2 figures below 120g/km, which places them in the UK's VED tax band B and, according to Volvo, makes them the most efficient cars in their respective classes. UK sales start in January 2009.