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Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Kia Picanto (2011) first official pictures

This is the new Kia Picanto, which will be unveiled offiically at the 2011 Geneva motor show this spring. Two bodystyles will be available this time: a three- and a five-door supermini, broadening the appeal of the baby Kia. Prices are estimated to start at £7000.

Will Volvo need a JV in China with itself?

Western car makers wanting to operate in China need a joint venture with a Chinese partner. And it looks like Volvo is going to have to partner with itself to keep officials happy. The Chinese authorities are keen to make sure that Western car makers can’t just rock up on their doorstep, open up a factory or three and flog cars in the most populous nation on earth.