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Porsche chief Wendelin Wiedeking resigns

Thu, 23 Jul 2009

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Lexus LFA Roadster makes an appearence in Tokyo (video)

Sun, 15 Jan 2012

Lexus LFA Roadster The long-rumoured Lexus LFA Roadster has made a surprise appearance at the D1GP Kick Off Drift event in Tokyo. The plan for Toyota to chop the top of the LFA to create a Lexus LFA Roadster has been running round the rumour mill for a while, but Toyota has yet to confirm it. That said, we reported back in October that Toyota were planning a launch of the Lexus LFA Roadster in 2014, and unlike the LFA Roadster – which was limited to 500 cars worldwide – Lexus were going to build as many LFA Roadsters as the market could swallow.

BMW poised to add X4 to lineup in 2014

Wed, 13 Oct 2010

It was only natural. With the SUV craze decidedly downsizing, BMW appears set to add an X4--with a range-topping M version--as part of plans to expand its utility-vehicle lineup in 2014. Conceived along the lines of the highly successful X6, the X4 is a smaller and more agile four-seater.