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.

Diddy stars in new Fiat 500L spot

The dream of the '90s is apparently alive at Fiat. Not Fred Armisen and Carrie Brownstein's crust punx, granola and symmetrical all-wheel drive u/dystopia, but the other side of the era; the flashy party-people late end of the decade that brought Sean Combs to global prominence. In Italian marque's new ad, the rapping, acting, designing businessman appears as the Mr.

Hyundai dealers will get Elantra coupe, redesigned Azera

Hyundai is continuing its recent product onslaught with two new or redesigned models to be launched by January 2012. Hyundai told dealers attending the NADA convention in San Francisco that a two-door coupe version of the 2011 Elantra will go on sale this spring and a redesigned Azera sedan will go on sale in January 2012. “They showed us a photo of it and it's gorgeous,” Doug Fox, a multi-franchise dealer who owns a Hyundai dealership in Ann Arbor, Mich., said of the Elantra coupe.