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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.

Peugeot 308 is European Car of the Year: Geneva Motor Show

Peugeot 308 is European Car of the Year The Geneva Motor Show also means the announcement of the European Car of the Year for 2014, and the gong for this year has gone to the new Peugeot 308. It took a jury of 58 journalists from 22 European countries to decide the new 308 offers such an appealing package it is a more impressive car than any of the seven finalists left in its wake. It’s a very mainstream choice from the jury, some would say a surprise too, and will no doubt please Peugeot to have their fourth COTY title after the 307 (2002), 405 (1988) and 504 (1969) were previous winners.

Range Rover Evoque Convertible NOT going in to production. Thankfully.

It seems Land Rover is having second thoughts about making the Range Rover Evoque Convertible – shown at Geneva 2012 – in to a production model. But the one model we really couldn’t find a lot of positives in was the Range Rover Evoque Convertible – which arrived as a concept at the 2012 Geneva Motor Show – looking like the ultimate statement of Chav central for Tango’d ‘Ladies’ who lunch, from Brentwood via Surrey and up to Cheshire. We understood Land Rover’s impetus – they thought there’d be a market for a drop-top Evoque – but it really was a step too far for Land Rover to go.