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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche 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.
Hot Wheels Ford Transit and custom F-100 break cover at SEMA
Tue, 05 Nov 2013Ford is making its Transit Connect van cool the only way it knows how: with the help of Hot Wheels. The company unveiled a customized royal blue van today at SEMA in Las Vegas. Alongside the Transit, the Blue Oval also revealed a customized 1956 Ford F-100 pickup, codenamed Snakebit, for charity.
Watch the Audi Sport Quattro tear up the back roads
Mon, 28 Oct 2013Audi revealed its 700-hp Sport Quattro concept at the Frankfurt motor show in September; the car pays homage to the classic rallying Sport Quattro from the 1980s. On Monday, the automaker uploaded a video of the upcoming vehicle to celebrate 100,000 Facebook likes on its German social-networking page. The video shows the Quattro whipping and gripping through a forest/mountain stage.