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Lotus announces Evora Sports Racer

When one hears the phrase “Lotus sports racer,” the classic Eleven comes to mind, especially in either raw aluminum or British racing green. Others might recall George Follmer's Lotus-Porsche, a Fuhrmann-powered beastlet of a 23 that won the US Road Racing Championship in 1965. This is not that.

VW Golf GTD (2013) first pictures of diesel hot hatch

VW's Golf GTD - a performance diesel brother to the GTI hot hatch - is here. Rated at 182bhp and 280lb ft, it boasts more punch than the old GTD (an extra 12bhp and 14lb ft), and scores better fuel economy too: up 14mpg to 67.3mpg, if you opt for the six-speed manual gearbox. Could this be the Holy Grail of hot hatches, with punch and economy? Here's the lowdown.

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.