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Porsche CEO likely to bow to pressure to leave, report says
Wed, 22 Jul 2009Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.
New Year drink-drive warning for revellers
Tue, 31 Dec 2013SOME revellers will drink so much to see in the New Year that they might be over the legal driving limit for nearly all of January 1, the AA has warned. As many as 21% of people plan to drink at least 10 units of alcohol at New Year's Eve celebrations, potentially putting them still over the limit by 12 noon on New Year's Day. And the AA/Populus survey of more than 21,000 drivers also revealed that 2% would drink to such an extent that they risked being over the limit as late as 10pm on New Year's Day.
News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.