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Icona reveals first render of Vulcano super sportscar

Icona will unveil a one-off super sports car dubbed Vulcano at next month's Shanghai auto show. The Vulcano was coachbuilt in Italy and was designed by the Shanghai-based Italian design house to show an evolution of its design language, first seen on the 2011 Icona Fuselage concept designed by Samuel Chuffart, Icona's design director. Icona says the design aims express the power within the hood while keeping the shapes harmonious.

Transmissions gone wild!

If you've been car shopping recently, or just paying attention to Autoweek car reviews, you've noticed that the six-speed automatic -- de rigueur as recently as a year ago -- suddenly has ratio envy. The new hotness? Eight- and nine-speed automatic transmissions.

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.