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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.

Supplier reveals nose of 2014 Corvette

Canadian tooling supplier Omega Tool Corp. thought it was just showing off its capabilities in a promotional video. Unfortunately for Omega and the Chevrolet Corvette team, the video also reveals the front bumper cover for the redesigned 2014 Corvette, known as the C7.

How will you get to work in the year 2030?

Imagine a future where New Jersey adopts mass public transit and on-demand jitneys; Boston becomes hyper-dense and walking becomes the primary means of transport; Atlanta disperses even further and relies on solar power, electric cars and Google connected technologies to manage mobility; and Los Angeles tries autonomous cars, but finds the transition difficult, and its gridlock even worse. These are the scenarios proposed in a new study by New York University's Rudin Center for Transport Policy and Management. The report, which proposes scenarios rather than making predictions about the future of transportation in the US, repeatedly points to connected car technologies, autonomous cars and logistics networks as driving forces in regional mobility solutions.