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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.

Majestic Bentley to be auctioned for charity

A SUPREMELY elegant 1987 Bentley 8 is to be auctioned for charity as part of a sale including more than 150 cars. The majestic Bentley will take its place amongst the myriad other fine classic cars at the Historics at Brooklands auction in Surrey on Saturday, June 7, following the sad news of the death of the car’s current owner’s sister. Significantly, this much-loved and well-travelled Bentley – presented in fine condition inside and out – is offered at no reserve, with all proceeds from the sale donated to charity at the request of the vendor, plus Historics’ sellers and buyers’ commissions.

Car insurance 'ghost broker' jailed

A "GHOST BROKER" from south-west London has been jailed at the Old Bailey for what is believed to be the UK's biggest fake car insurance scam, police said. Danyal Buckharee created four websites offering cheap car insurance and used paid-for advertising to ensure his online enterprises appeared at the top of internet searches. Between May 2011 and April last year he used the websites to dupe 600 drivers into buying worthless policies over the phone, the investigation by City of London Police's Insurance Fraud Enforcement Department (IFED) found.