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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.

Ian Cameron receives Welsh Motoring Writers' Automotive Achievement Award

Former Rolls-Royce chief designer Ian Cameron is the latest recipient of the Welsh Motoring Writers (WMW) Automotive Achievement Award. The award was presented at the WMW annual dinner at HMS Nelson's Wardroom in Portsmouth, UK, by the group's patron and former winner, Land Rover director of design Richard Woolley. "As we celebrate a decade since the launch of Phantom and the establishment of the new home of Rolls-Royce in Goodwood, West Sussex, it is a most fitting time for Ian to be bestowed with this honor," said James Warren, Rolls-Royce product and corporate communications manager, UK.

Apparently, the 2012 Honda Civic will be quiet & refined

2012 Honda Civic - it's quiet As we said on the last story we ran about the 2012 Honda Civic, Honda are taking its launch very seriously, And they’re doing the normal new car tease too, but in a very Honda way. Instead of being lazy and just divvying up a new arty photo of the new Civic once a week for a month, Honda are going the Jaguar XJ school of car teases (just in smaller numbers). Which means proper detail with each tease and some proper thought in the presentation.