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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.

Volvo S60 Polestar goes in to production

It sounded like a plan to put it in to production – even if it would probably need twin turbos to make it nicely wieldy on the road – and that’s exactly what Volvo and Polestar have done. The Volvo S60 Polestar has gone in to limited production, initially for the Australian market, but instead of the mighty 508bhp of the concept it has to make do with a more pedestrian 350bhp, little more than the V60 we reviewed last year with the Polestar upgrade. But the extra power is enough to get the production S60 Polestar to 62mph in 4.9 seconds and, thanks to tweaks to the suspension, brakes and aerodynamics, the S60 Polestar looks like it will be able to handle the power quite well.

Jaguar, Mercury tops in sales satisfaction, J.D. Power reports

The Jaguar brand, sold by Ford Motor Co. last year to India's Tata Motors, won top honors in the annual J.D. Power and Associates Sales Satisfaction Index--the fifth time in six years the luxury brand has taken the top spot in the influential survey.