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Chevy Volt to get 230-mpg rating for city fuel economy, General Motors says

General Motors expects that the Chevy Volt will get an EPA city fuel-economy rating of 230 mpg, and a combined fuel economy rating of triple digits, CEO Fritz Henderson said Tuesday. The ratings will be based on a new test that the EPA is developing for plug-in electric hybrids. The highway and combined figures were not announced.

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.

Rosberg on pole for Mercedes in Japan – Vettel leaving Red Bull.

Rosberg beats Hamilton to pole in Japan Lewis Hamilton must have been confident of taking pole for the Japanese Grand Prix in Suzuka this morning after his resurgence in recent races – in the process taking the lead in the drivers F1 battle – but it wasn’t to be. Hamilton’s car needed a major front end rebuild after he ran wide and hit the barrier in final practice – which may have contributed to his qualifying result – but whatever the excuses it’s Rosberg in front of Hamilton for tomorrow’s race after posting a time 0.197s quicker than the Brit. Behind the two Mercedes cars it’s a Williams second row – with Bottas in third and Massa in fourth – followed by Ferrari’s Fernando Alonso in what is fast becoming his default place – 5th – and Daniel Ricciardo in sixth.