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2015 Volvo XC90 First Edition price & spec – costs £68,000

The new XC90 First Edition – a range-topping, £88k XC90 The more we’ve looked this week at the new Volvo XC90, the more we’re beginning to see it as a seminal model for Volvo in the same way the original XC90 was in 2002. And, if all it promises comes close to reality when the first new XC90 s start to arrive in 2015, the new XC90 really could make serious inroads in to the market for premium SUVs currently dominated by Mercedes, BMW, Audi and Land Rover. The new XC90 ‘s clever packaging, good looks, technology and toys certainly seem to offer a beguiling package for a premium family SUV, although the price is likely to be a touch stronger than the current model.

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.

Ford sues Ferrari over Ferrari F150 moniker

Ferrari F150 & Ford F-150. Which is which? If you live on the wrong side of the Pond, you’ll know that an F-150 is the single most successful automotive phenomenon on the planet.