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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.

Jaguar cool in white at L.A. Auto Show with C-X16 & XKR-S Convertible

Jaguar at the LA Auto Show with a brace of white cats Jaguar may not be going to the Detroit Motor Show in January (forsaking it for Delhi) but it’s put on a show in Los Angeles with a new white version of the Jaguar C-X16 Concept (XE) and the new XKR-S Convertible. The Jaguar C-X16 – which looks set to be the Jaguar XE when it arrives – conspires to look even more production-ready at LA than it already did at Frankfurt despite, as far as we can tell, nothing more than a new coat of paint. Some of the elements that seem unlikely to make it in to production – such as the rear hatch which opens E-Type like and the ultra-modern interior – are still present, yet on the C-X16 they seem to fit; it would be a shame to see them go for the production XE.

Enjoy the Show: Download Detroit 2009 tour now

It's not too late to visit the Detroit auto show, which runs through Sunday, Jan. 25. If you're going in person, don't forget to download the AutoWeek editors' audio tour of the show for your mobile device.