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New Aston Martin Vanquish: The 2013 Vanquish officially arrives

The new Aston Martin Vanquish has officially arrived with sharp new looks, more power, less weight and a bigger price tag.  AM may not have been thrilled, but we all knew the AM310 from Villa D’Este was dusting off a moniker from Aston’s recent past to become the new Aston Martin Vanquish. And here it is – officially. In Aston’s best Porsche imitation, the DBS evolves in to the Vanquish without tampering too heavily with its looks, as AM310 already demonstrated.

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.

Caterham to unveil 620 R at Goodwood Festival of Speed

Caterham has launched a new version of the Seven dubbed the 620 R, and it will be shown to the public for the first time this weekend at the Goodwood Festival of Speed. This new Seven uses a 2.0-liter supercharged Ford Duratec engine producing a reported 310 hp. The 620 will make the 0-60 sprint in less than 2.8 seconds and streak all the way up to a top speed of 155 mph.