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BMW wins engine of year

By Ben Whitworth Motor Industry 09 May 2007 05:51 BMW’s twin turbo 3.0-litre engine – the mighty 306bhp straight six from the 335i - has taken top honours at the 2007 International Engine of the Year Awards, the engineering equivalent of the Oscars. This is an unprecedented third year in a row that BMW has clinched the title of International Engine of the Year Award – in 2006 it was the M6’s V10 that took the title, and the M5’s V10 claimed gold in 2005. Other winners, judged by the panel of 62 motoring journalists from 30 countries across the globe, included Porsche for its biturbo 3.6-litre flat six (unbelievably, the first time Zuffenhausen has won an IEYA award), Toyota for the Prius’ 1.5-litre hybrid unit, and Volkswagen’s TSI twincharger 1.4-litre unit.

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.

Cash-for-clunkers deal to end Monday night, government says

The Obama administration plans to cut off dealer funding for the cash-for-clunkers program on Monday at 8 p.m. Eastern, after finding that the $3 billion fund is nearing depletion, Transportation Secretary Ray LaHood said. "The overriding objective was to be conservative and to provide an adequate window for a soft landing," a senior administration official said in a conference call with reporters Thursday.