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Infiniti Essence Concept kicks off Pebble Beach

The Infiniti Essence Concept kicked off this year’s Pebble Beach Concours d’Elegance This year’s event at Pebble Beach has kicked off with a gala dinner and the US debut of the Infiniti Essence Concept that we saw recently at the Geneva Motor Show. Much bigger than you would expect from a Japanese Coupe, the Infiniti Essence is over 15 feet long and features a 3.7 litre V6 turbo coupled with am electric motor, designed to give a whopping 590bhp. The interior of the Essence is much more Japanese than the outside.

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.

FH Joanneum Graz Degree Show 2008

Industrial Design students at the University for Applied Science, FH Joanneum Graz, Austria presented their diploma projects in the annual degree exhibition. A total of 16 students enter the course in the first term every year, with nine graduating this summer. The rest of the students will be graduating in the fall.