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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.

Solar car built by Cambridge University crashes

The annual World Solar Challenge is taking place right now. 38 teams from all round the globe are racing 3,000km (1,864 miles) across Australia using energy from the sun alone. Unfortunately, the planned entry from the UK’s very own Cambridge University isn’t amongst them – because five days before the start the above happened.

Hyundai Veloster Turbo arrives early

Hyundai Veloster Turbo - first photos The Hyundai Veloster Turbo will arrive officially later today at the Detroit Motor Show, but we already have the first photos of Hyundai’s hot hatch. Apart from the daft looking Hyundai Hexa Space that turned up at Delhi last week, all Hyundai’s latest offerings have been pretty much on the money, none more so than the very convincing Veloster. But there was just one thing we didn’t like about the new Veloster – it’s lack of oomph.