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Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.

Infiniti offers European buyers tours of the Red Bull Racing factory

In honor of Sebastian Vettel winning the Formula One world championship for the second year in a row, Infiniti is offering fans in Europe a chance to tour the Red Bull Racing factory in Milton Keynes in the United Kingdom. All you have to do is buy an Infiniti FX and be one of 10 lucky winners. The World Champion Experience will be offered to customers who order any FX, not just the flame-throwing FX50S Sebastian Vettel edition.

Lotus planning Electric Car

I suppose it was inevitable that Lotus would not settle for simply supplying Tesla with the chassis for their electric car, and would look to jump on the bandwagon of electric cars (EV). Lotus CEO, Michael Kimberly, has told the Financial Times that Lotus is planning an electric car “sooner rather than later”, and went on to say that it will be an extended range battery vehicle. Extended range EVs (like the Chevy Volt) are probably the best option for a mainstream car at the moment, at least until you can buy hydrogen at the pumps other than in California.