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Tesla set for record sales result

Innovative electric carmaker Tesla is set to announce that the last quarter of 2013 was the most successful for sales in the company’s history. As a young company with a well-respected product this doesn’t sound too surprising – until you learn that the anticipated results are said to be 20% better than Tesla had predicted. On Bing: see pictures of the Tesla Model S Find out how much a used Tesla costs on Auto Trader Tesla says it sold and delivered nearly 6,900 vehicles in the fourth quarter of 2013 – which is “approximately 20%” more than prior guidance.

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.

Porsche 911 GT3 R racer rockets to America

The potent Porsche 911 GT3 R is bringing its vaunted blend of 480 hp and lightweight construction to the United States. But here’s the rub--only three are en route. The race car replaced the 911 GT3 Cup S in Porsche’s motorsports line and has become a staple of European competition.