Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

World’s oldest unrestored Austin Mini fetches £40k

1959 Austin Mini Seven went for £40k The oldest unrestored Mini in the world was expected to fetch £12-15k in auction last week. It actually went for £40,250. Just a couple of weeks ago we reported that the oldest unrestored Mini in the world was going under the hammer at the Bonhams sale at the RAF Museum in Hendon, expected to fetch as much as £15k.

The fall and rise of the budget car

Twenty years ago, the classic bargain brands like Lada seemed to be going the same way as the Soviet empire that spawned them. Woefully dated and badly made, only a weirdo would have bought a new Lada rather than a second-hand model from Ford, Vauxhall or VW. However, one of the big trends in the car industry today is the re-emergence of bargain cars.