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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche 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.
One lap of the web: Lego 'Rush' and spy shots of the Lexus GS F
Tue, 03 Sep 2013The latest Lego parody video is online, based on the new Formula One movie "Rush." It's the newest in the series of Lego spoofs, which range from Darth Vader to "Cars 2" to the London Olympics. Check it out here. The next Lexus GS F was caught without camouflage by Best Car magazine in Japan.
Hyundai ix35 teased ahead of Frankfurt
Mon, 17 Aug 2009The Hyundai ix35 teased ahead of Frankfurt (click for full image) But in Europe, it has been sales of the Hyundai Tucson that have driven Hyundai’s sales. An able and competent small SUV – at a bargain price – it has racked up some quite impressive sales. But it’s time to move on, and Hyundai will be revealing the Hyundai ix35 at the Frankfurt Motor Show next month as the Tucson’s replacement.