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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.

Acura announces 2012 TSX pricing, special edition

The 2012 Acura TSX sedan and sports wagon gets a $200 price bump across the line, which puts the base model with a five-speed automatic at $30,695. Acura also announced a new Special Edition package ($31,695, including $885 destination) with upgrades to the exterior including a more aggressive front end, bumper and side sills. Seventeen-inch, five-spoke aluminum wheels get a dark gray finish, and a Special Edition badge adorns the trunk lid.

Mitsubishi's 600bhp EV to tackle Pikes Peak

By Damion Smy Motoring Issues 03 June 2014 17:11 Mitsubishi will enter the 2014 Pikes Peak International Hillclimb – the 92nd running of the prestigious event – with its specially built electric racecar, it announced today. The team finished second and third in the electric class at the 2013 event, and will use the same drivers – former motorcycle class winner, Greg Tracy, and Dakar-rally winner Hiroshi Masuoka – for the 12.42-mile climb to the 14,110ft summit. The bewinged Mitsubishi i-MiEV Evolution III is 4.7m long and 1.9m wide, with an electric motor at each corner to send a total of 600bhp through all four wheels.