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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.

New Ford Kuga arrives in the guise of 2012 / 2013 Ford Escape

The 2013 Ford Escape arrives - the 2012 Ford Kuga The reveal of the new Ford Escape ahead of the Los Angeles Auto Show this week may not have the Kuga badge on its boot, but it is – bar a few tweaks and engine changes – just what we’ll see in Europe as the 2012 Ford Kuga. Based on the European-designed Ford Vertrek concept, the Ford Escape replaces the old-fashioned North American escape with a very European take on a compact SUV, but one that benefits from much more room to accommodate average Americans. The Ford Kuga / Escape is the next instalment in Ford’s plan to unify its models around the world.

Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.