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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.

Peugeot & Citroen cut Electric Car prices

Peugeot Citroen EV Price Cut The prices of both the Citroen C-Zero and the Peugeot iOn have been cut by £6,939 and new contract hire deals have been added. We know that sales of electric cars (EV) are woeful, and that nothing more than a handful of private buyers have actually bought in to the dream that is an electric car future. With that in mind it’s no surprise that the enormous list price of the Citroen C-Zero EV and Peugeot iOn EV have been slashed by £6,939, bringing the price down to a still silly £26,216, although, at least for now, you can still get the taxpayer bribe of £5,000 bringing the price you pay down to £21,216.

Mitsubishi readies concept for … Bangkok?

While Lamborghini, Ferrari and McLaren are getting ready for the Geneva motor show, Mitsubishi continues to zig by revealing a concept for the 34th Bangkok International Motor Show. The Concept G4 is a compact sedan powered by a 1.2-liter MIVEC engine with a CVT. Mitsubishi says that the sedan carries the company's next-generation styling, including a diamond motif in the front grille, new headlights and an aggressively styled rear fascia.