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GM won't show new cars in LA

GM has delayed the unveiling of two new cars the company had intended to show the press and public at the forthcoming Los Angeles auto show. The largest US automaker will now show the production versions of the Buick LaCrosse and Cadillac CTS coupe at the Detroit auto show in January instead. "We believe we can better capitalize in Detroit" said spokesman Scott Fosgard.

New January 2009 issue of CAR Magazine

By Tim Pollard 26 November 2008 11:43 The new January 2009 issue of CAR Magazine goes on sale today – and we're lifting the lid on all the new cars of 2009. Don't miss our exclusive photoshoots and stories on 64 of the most important cars of the year. Edited highlights include:• All the key cars of 2009 under one roof• Porsche Panamera unveiled: six-page story• In-depth preview of the new Nissan 370Z• Giant test: Alfa Romeo Mito vs Mini vs Fiesta vs Ibiza vs Twingo• Exclusive!

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.