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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.

Porsche at Geneva: Porsche 918 Spyder +Video

The Porsche 918 Spyder arrives on the floor at Geneva As we said the other day when we reported on the Porsche 918 Spyder reveal at Geneva, we really didn’t see this coming. We all know that Porsche are playing with Hybrid tech on their road cars – the Porsche Cayenne Hybrid is here  and the Porsche Panamera Hybrid on the way – and have even had a play with a hybrid track car – the Porsche 911 GT3 R. But a Hypercar – a likely replacement for the Porsche Carrera GT – is a real surprise.

Car thieves shun 4x4s

By Nigel Wonnacott Motor Industry 01 July 2008 11:36 Greens hate their CO2 emissions, campaigners may question their safety record and owners might be feeling the pinch at the pump. But 4x4s can claim at least one advantage over smaller cars; they are among the least likely types of car to be stolen. According to the latest Home Office Car Theft Index, just four in every thousand 4x4s and people carriers in Britain were stolen in 2006, compared to seven for Fiesta and Astra-sized cars.