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Porsche chief Wendelin Wiedeking resigns

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.

Cadillac CTS-V Estate (Wagon) Spied – Where’s the Euro dealer network?

The Cadillac CTS-V Estate Spy - Euro ready? It’s very sad that with a range of cars in its arsenal which could – probably for the first time ever – be taken seriously by European buyers, Cadillac are without a dealer network in the UK and Europe. Yes, they told us they were sorting that out and that ‘Cadillac back in Europe’ was a certainty. But really, it isn’t.

Tesla touts top sales at Detroit auto show

Tesla credits the "exceptional cold weather performance" of its Model S for 20 percent-higher-than-expected Q4 sales of 6,900 units, bringing total Model S sales worldwide to 25,000 so far. In fact, Tesla says its sedan does so well in the snow that the rear wheels are the only ones that need any torque. "This car performs outstandingly in winter conditions," said Tesla vp of vehicle engineering Chris Porritt in a video released the day of the Detroit Auto Show.