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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.

GM recalls midsize cars for transmission fix

General Motors is recalling the Chevrolet Malibu, Pontiac G6 and Saturn Aura to fix a problem with the transmission shift cable. GM says the tabs on the cable end may break. If that happens, the shifter indicator may not match the transmission's gear.

Grand National Roadster Show kicks off in California

History continued today at the Fairplex in Pomona, Calif., as the 62nd annual Grand National Roadster Show opened its doors for the weekend. Twelve open-topped hot rods will vie for the title of "America's Most Beautiful Roadster" and the right of their owners to scratch thier names onto the accompanying nine-foot-tall trophy. A few minor tweaks to the rules will make this year's judging something new.