Toyota Harrier 1999 Exhaust Center Muffler [1822300] on 2040-parts.com

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.

Saab EIB loan repaid by Swedish Government

Sweden has repaid Saab's EIB loan With Saab in administration, the European Investment Bank (EIB) has called in the Swedish Government guarantee on Saab’s loan. In the midst of Victor Muller’s efforts to restructure Saab, Saab received access to a European Investment Bank loan of €400 million, of which it accessed some €217 million. But just like any less than credit worthy individual Saab needed a guarantor for the loan, which they received from the Swedish Government.

Volkswagen Passat CC (2008): first official pictures

By Ben Pulman First Official Pictures 13 January 2008 11:16 Welcome to the world’s second four-door coupe, the Passat CC. Following the lead of the Mercedes CLS, Volkswagen has redrawn the Passat to give us this swoopy mini-me Phaeton lookalike saloon. It's an attempt to stretch the Passat further upmarket - away from its humdrum fleet roots and nearer the hallowed doorway to the compact premium market.