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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.

New 2015 Skoda Fabia revealed ahead of Paris Motor Show

Skoda has released pictures of its new Fabia supermini, ahead of its public debut at the Paris Motor Show in October. It’s expected to return up to 91mpg - which would make it the most economical supermini on sale in the UK - with prices starting from just over £10,000. Click on the image above to read more about the 2015 Skoda Fabia

Mercedes F125! concept hints at electric S-class

Here's a riddle for luxury automakers: How will big, high-powered cars fit into a world that's greener, more congested and more tightly regulated than today? Mercedes-Benz rolled out one possible answer here last month with the F125! concept car.