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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.

Jaguar XJR returns – 542bhp XJ to debut at New York Auto Show

A new generation Jaguar XJR is being launched at the New York Auto Show later this month, signalling the return of the range-topping XJ with 542bhp. We’ve been heralding the arrival of an all new Jaguar XJR for four years and now, finally  Jaguar is about to deliver with a new XJR sporting Jaguar’s 542bhp version of the supercharged V8 under the bonnet. Jaguar are being a bit precious with the full details of the new XJR, but they’re calling the new XJR the ‘Dynamic Flagship‘ of the Jaguar range – which is promising when you consider how fluid and able the XJ already is.

Subaru Impreza WRX STi (2007) unveiled

By Tim Pollard First Official Pictures 09 October 2007 05:14 Subaru Impreza STi: this time it's official Another week, another Subaru Impreza STi story... But wake up at the back, because this one is official. And there aren't any big surprises in store - the barmiest new Impreza is just as we predicted in our scoop.