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Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Fuel duty freeze is 'no give-away'

MOTORING GROUPS have given a cautious welcome to Chancellor George Osborne's announcement of a freeze on fuel duty until May 2015. But Transport Secretary Patrick McLoughlin's insistence on the value of HS2 to the UK cut little ice with opponents of the high-speed rail scheme. On fuel duty, both the AA and the RAC pointed out that Mr Osborne was already getting big sums from motorists in taxation.

New Audi A5 & S5 2012 facelift revealed

The 2012 Audi S5 It doesn’t seem five minutes since the Audi A5 arrived, bridging the gap between the A4 and A6. Or, as the cynics may say, allowing Audi charge a lot more for what is an A4 Coupe. Still, the A5 has been – as all Audis are – a success.