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Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.

Brumos Porsche to honor Hurley Haywood with special-edition Carrera GTS

Brumos Porsche in Jacksonville, Fla., parent of Brumos Racing, confirmed the production and imminent delivery of five factory-built 911 Carrera GTS B59 Edition coupes that pay homage to driver Hurley Haywood--five-time winner of the Daytona 24-hour race. The exclusive Porsches will carry a sticker price of $133,540. The 408-hp coupes, based on the GTS, will have the Brumos red-and-blue stripe design for the front hood and rear deck, Porsche door decals, 19-inch sport classic wheels, limitation badges and Carrera White accents and door-entry guards with HHaywood's engraved signature.

Jaguar Land Rover factory closure

Jaguar Land Rover are to close one of their production facilities in the Midlands JLR unions have already brokered a deal to ensure no job losses in the short term, but JLR are committed to rationalising their manufacturing across just two plants in the UK, instead of the existing three. The decision will be made about which plant to close in the next eighteen months. The most likely scenario is that JLR will close Solihull – which currently produces Land Rovers and employs 5000 people – and concentrate Land Rover production at Halewood.