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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.

Longest ever period of UK new car sales growth

The SMMT (Society of Motor Manufacturers and Traders) has released the new car registration data for May 2014, and revealed that the UK new car market is officially experiencing its longest period of growth since records began. Sales in May were up 7.7% compared to 2013 – making it the 27th consecutive month that figures have increased. A grand total of 194,032 new cars registered also represents the most units sold in May since 2004.

Land Rover testing electric Defender 110 pickup

Land Rover has begun testing an electric version of the Land Rover Defender first shown at the 2012 Geneva motor show. The electric Defender prototype is in service at the Eden Project in Cornwall, U.K., a complex of several large transparent domes that house multiple artificially maintained environments containing thousands of rare plants, and is a popular visitor attraction. At the moment the electric Defender isn't exactly tearing through the Amazon rainforest, but the work it's doing is nevertheless a good approximation of how quite a lot of Defenders are used in real life -- at least in terms of speed and duration of use.