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Braunschweig University Degree Show 2008

Students from art, communication, industrial and transportation design departments at Germany's Braunschweig University of Art have presented their work in the annual exhibition entitled 'Rundgang'. This year's Transportation Design degree show was divided into two parts. First was the diploma presentation by graduating students Chen Zhong, Falk Bruns, Malte Hammerbeck and Richard Hommel.

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.

Senate committee sends auto-safety bill to the floor for vote

The Senate Commerce Committee voted today to pass a far-reaching vehicle safety bill that has largely won both automaker and consumer support, sending the measure to the full Senate. The bill passed without objections from any senators. The legislation, crafted in the wake of Toyota's safety recalls this year, resembles a House bill that also is now on the floor of that chamber.