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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.

Fast and Furious star Paul Walker dead at 40

Actor Paul Walker died on Saturday in car wreck in California. He was a passenger in a Porsche Carrera GT owned by friend Roger Rodas. The pair were leaving a charity event for Walker's organization Reach Out Worldwide, in which attendees were meant to bring toys for needy children.

Jaguar XFR with supercharged V8 at the Detroit auto show

Jaguar is expanding the XF range for the 2010 model year with the addition of the high-performance XFR which has been unveiled at the Detroit Auto Show Lurking under the hood is a supercharged version of Jaguar's new 5.0-liter direct-injection V8. For the XFR, this engine is rated at 510 hp and 461 pounds-feet of torque. That power is routed through a six-speed automatic transmission.