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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.
Subaru Hybrid Tourer concept
Wed, 30 Sep 2009Subaru has released the first renderings of its 'Hybrid Tourer Concept', which will be shown at the 41st Tokyo motor show next month. A proposal for a future grand touring car, the concept aims to integrate environmental friendliness, driving performance and safety. The exterior design is said to have been inspired by wings to create a 'feeling of freedom and confidence'.
GM recalls 15,627 Chevrolet Captiva crossovers
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