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Chicago tuner breaks 9-second mark with Nissan GT-R

AMS Performance of Chicago, holder of the fastest quarter-mile time in a Nissan GT-R, has set the bar higher with an 8.97-second run at 169 mph. According to AMS, the run also grabbed the fastest 60-to-130-mph time, at 3.34 seconds. The Alpha 12, the shop's flagship performance package, cranks up the GT-R's output to 1,500 hp.

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.

Unique Corvette built for 'Bunkie' Knudsen heads to auction

Rare Corvettes are in the news these days, and one car that's drawing quite a bit of attention from collectors is a 1963 Chevrolet Corvette styling car known as the "Bunkie" Knudsen Corvette, built for Chevrolet general manager Semon E. "Bunkie" Knudsen. In just a few days, this uniquely styled 1963 Sting Ray convertible distinguished by it intricately designed side exhaust will be going up for auction.