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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.

Honda Fit gets new color for 2013, base price stays the same

The 2013 Honda Fit carries a base sticker price of $16,115 including $790 destination—the same as that of the 2012 model—when it arrives in dealerships on Tuesday. Changes for 2013 consist of a new exterior color, named midnight plum pearl. The orange burst metallic paint is canceled.

Jaguar XFR-S arrives ahead of LA debut

The Jaguar XFR-S – Jaguar’s most powerful saloon car to date – has leaked out ahead of its debut tonight at the Los Angeles Auto Show. We’re hoping that Jaguar has managed to bestow extra power on the very appealing XFR without wrecking the stuff that makes Jaguar saloons so appealing – the dynamic/ride balance – which, if they have, will make the XFR-S a more appealing bonkers sports saloon than the German offerings. The promise is all there with a new butch front end, a more aggressive body kit, chunks of carbon fibre, a huge rear wing for extra downforce, a new diffuser at the back, stiffer springs, a new rear subframe with stiffer bushes, a tweaked active diff and a tweak of the stability control for more fun.