Daihatsu Hijet Atrai 2001 Door Lock Solenoid [1964552] on 2040-parts.com

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.

Video: Preview Russo and Steele's auction at Monterey

Monterey weekend is more than just cars on golf courses during the Pebble Beach Concours d'Elegance--there is plenty of auction action, too. Here's a video preview of Russo and Steele's auction with Autoweek digital editor Andrew Stoy and Hagerty's Rob Sass. The Monterey Week is packed with car shows, vintage racing and car auctions.

Audi A3 Cabriolet (2013) at Frankfurt motor show

Completing the quadruple A3 bodystyle line-up is this new drop-top: the Audi A3 Cabriolet. The new soft-top is bigger yet lighter than the old convertible A3, and has morphed into a more resolved silhouette courtesy of its booted rear instead of the old version’s chopped hatch profile. Plus, for the first time ever, an S3 Cabriolet is set to join the range, offering a 155mph breeze in your hair, and 0-62mph in around 5.0sec.