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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.
2011 Freelander 2: The “Claynation” TV Ads
Sat, 16 Oct 2010The 2011 Land Rover Freelander 2 Claynation Advert Success breeds success (although probably because success frees up budgets). And there aren’t too many car companies around who’ve managed to rebound better from the worst the world can throw at them than Land Rover. Not only has Land Rover weathered the storm of world financial meltdown – despite its products being at the premium end of the scale – it has also managed to thrive despite the protestations of the eco-mentalists that Land Rover’s products are destroying the planet.
2014 MINI John Cooper Works Concept revealed ahead of Detroit debut
Tue, 17 Dec 2013The 2014 MINI John Cooper Works Concept (pictured) will debut in Detroit next month The new MINI was revealed just last month, and it sounds the gong for the start of the race to churn out as many variants on the MINI as BMW can manage. And the first of what will be many variants to come of the new MINI is this – the new MINI John Cooper Works Concept – revealed this morning ahead of a debut in a few weeks at the 2014 Detroit Auto Show. MINI aren’t letting on what’s under the bonnet of the new MINI JCW, but it seems almost certain it will be a more powerful version of the new 2.0 litre petrol for the Cooper S, which gets 189bhp in the Coopper S but will doubtless get something north of 200bhp in the new JCW.