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Chevrolet Volt chief leaves GM

A key driver of the Chevrolet Volt project is defecting to start his own consulting firm, according to published reports. Volt chief Bob Kruse, 50, has left General Motors. He's been replaced by GM engineering veteran Micky Bly, who has also been involved with development of the Volt.

Brief 2 – Cadillac: CDN–GM Interactive Design Competition

Car Design News and General Motors are once again holding an Interactive Design Competition. There are five briefs to choose from, set by GM's designers, and you're invited to submit your entry on the competition website: http://www.cardesigncontest.com/ Cadillac's brief offers an interesting challenge: looking to the horizon – while considering global luxury customers, competitors and trends – how would you design a Cadillac V-Series vehicle for an urban environment? The brief asks for your to design a B- or C-segment car that embodies Cadillac brand philosophy and vehicle attributes, and should give an evolutionary perspective on the firm's Art & Science design philosophy.

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.