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Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.

Chrysler design chief says Trump is full of it

Chrysler design chief and SRT boss Ralph Gilles took to Twitter for a strongly worded rebuke of Donald Trump, telling the businessman he was "full of shit." Trump on Thursday repeated an erroneous Mitt Romney campaign claim that Jeep production was moving to China. Trump tweeted: “[President Barack] Obama is a terrible negotiator. He bails out Chrysler and now Chrysler wants to send all Jeep manufacturing to China—and will!” Gilles tweeted back: “You are full of shit!” Chrysler CEO Sergio Marchionne told employees in an email on Oct.

Taggart motorcycle collection to cross the block during Pebble Beach weekend

Auction house Mecum will sell a collection of Michael Taggart's motorcycles along side the classics, vintage racers and exotics this year at Pebble Beach. They all will be offered at the third-annual Mecum Monterey Auction on Aug. 18-20 at the Hyatt Regency Monterey Hotel and Spa on the Del Monte Golf Course in California.