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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.

BMW introduces X4 Sports Activity Coupe

BMW confirmed the rumored new X4 Sports Activity Coupe, sort of a smaller BMW X6. According to BMW, the X4, like the X6, combines the performance and capability of a sports-activity vehicle with coupe styling. U.S.

New Toyota Aygo looks appealing: Geneva Motor Show

The new Toyota Aygo (pictured) looks an appealing City Car The final part of the PSA/Toyota City Car trilogy has been revealed in Geneva with the arrival of the new Toyota Aygo – and it looks the most convincing of the three. Toyota seem to have hit exactly the right note with the new Aygo’s look, which looks fun, funky and appealing with plenty of options to customise the already appealing looks. The dramatic X-Theme going on at the front sets the Aygo apart from the C1 and 108 and the pagoda-style profile, rear spoiler and window graphic that extends in to the rear light clusters make the Aygo look bigger and bolder than it is.