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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche 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.
Vauxhall reveals 576-hp VXR8 GTS sedan
Thu, 12 Dec 2013It appears that Australians have figured out how to make spectacular American-style muscle cars, and they're willing to share with the British. At least that's what the Vauxhall VXR8 GTS looks like on paper. Vauxhall has just revealed a a mean looking piece of machinery that may remind you of a car or two from its side profile, an they've spilled the details on this beast ahead of its launch at the Autosport International auto show.
Cadillac ATS coupe confirmed
Mon, 29 Apr 2013General Motors plans to introduce a coupe version of its Cadillac ATS compact next year, one in a spate of vehicle introductions for the luxury brand. Several dealers told Automotive News they were shown an ATS coupe at a national dealer meeting in Las Vegas this month. Also unveiled to dealers was the 2015 Escalade, which is expected to go into production in January.