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New Toyota Avenis (2012) at Frankfurt plus new Prius family and 2012 Yaris

2012 Toyota Avensis - teased ahead of Frankfurt 2011 As Frankfurt draws close its Toyota’s turn to reveal their 2011 offerings at the show, which will include the 2012 facelift Toyota Avensis. The new Avensis is the only Toyota at Frankfurt we haven’t already seen, and Toyota hasn’t done much more than send us the teaser photo you see at the top. But we do know Toyota re claiming the 2012 Avensis is the ‘Most expensive mid-life facelift’ they have ever undertaken.

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.

2012 European Grand Prix Qualifying: Vettel takes pole with Hamilton alongside

The 2012 European Grand Prix on the street circuit in Valencia sees Red Bull’s Sebastian Vettel on pole position with Lewis Hamilton’s  McLaren alongside. Slowly, but not yet completely, Red Bull and McLaren seem to be getting a handle on the topsy-turvy 2012 Grand Prix Circus. Despite serious challenges in final qualifying, it was Sebastian Vettel who set a blistering time to take pole, his third pole of the 2012 season, 33rd of his career and third at Valencia.