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Inside Bob Pond's car collection

Robert Pond was an industrialist, an aviator, a Navy pilot, an aircraft designer, a genuine car enthusiast, a philanthropist, a Minnesotan at heart and a man who turned a family business from eight employees to a global $100-million concern. Pond was born in 1924 in Edina, Minn., 10 miles southwest of Minneapolis. He signed up for the Navy Air Corps in 1942, and survived three years of training on J-3 Piper Cubs and PBY Catalinas to graduate in July of 1945 -- just three months before Japan surrendered to the US.

Three new Maseratis coming in quick succession - Marchionne

Maserati is preparing a trio of new products for launch in quick succession, Fiat chief exec Sergio Marchionne has confirmed. In an interview after addressing the CBI business conference in London yesterday, he said a successor to the Quattroporte, a smaller Maserati and the Kubang would reinvigorate the Maser range. 'Maserati will increase its volumes by having three cars,' said Marchionne, confirming a replacement for the Quattroporte, the SUV and 'a much smaller four-door.

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.