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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.

2014 Mercedes S Class REVEALED

There’s not a huge more to say about the new S Class than we already have, but it does look convincing. It takes styling cues from many of Mercedes latest models, but even without the big bulbous wheel arches at the back it’s still very recognisable as an S Class – just a new one. We already know much about what ‘s likely to be on offer at first – S350, S400 and S500 – and what’s to come – S250, S63 AMG, S Class Pullman – and that we’ll see, in due course, both an S Class Coupe and a convertible S Class.

Chevrolet Volt (2007): first official pictures

By Ben Oliver First Official Pictures 07 January 2007 03:24 Don't tell me – it's another me-too green car concept that's too expensive and complex to ever be made… Not quite. For a start it's an entirely new concept, and important enough to be General Motor's biggest news from the Detroit show. An electric motor drives the front wheels.