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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.

JCB DieselMax

Following its display at the Goodwood Festival of Speed last month, the JCB DieselMax has recently proved itself the fastest yet diesel-powered car during Speed Week at the Bonneville Salt Flats, Utah. Andy Green, who in 1997 broke the sound barrier on land in Thrust SSC, piloted DieselMax to reach a top speed of 350.09mph, increasing the existing record set in 1973 by over 100mph. Helping the JCB DieselMax achieve this is a drag coefficient of just 0.174 and two 4.4-liter four-cylinder engines, each producing 750PS.

Land Rover LRX Concept gets a boost from UK Government

The Land Rover LRX Concept, which was first revealed looks like the perfect route to go. But after a flurry of showings Land Rover has gone a little quiet on the project. It is reckoned that the project will cost Land Rover, and its parent Tata, around £300 million to get production ready.