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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.

Renault unveils four electric concepts at 2009 Frankfurt motor show

By Ben Pulman First Official Pictures 15 September 2009 12:00 Renault has unveiled four incredible electric concept cars at the 2009 Frankfurt motor show, and all four will be in production by the end of 2012. The maddest of all is the tiny Twizy ZE concept, a 1+1 city car that Renault sources have revealed to CAR will go into production in 2011 relatively unchanged. Also on sale in 2011 will be an electric van for commercial buyers, based on the Kangoo ZE concept and mechanically identical to the Be Bop ZE Ben Oliver drove earlier in 2009.

Mercedes CLA: Official

The new Mercedes CLA – the ‘baby’ CLS based on the new A Class – has finally been revealed ahead of going on sale in the UK in May 2013. The very stylish four-door coupe styling based on the new Mercedes A Class has survived almost intact from the Style Concept, offering buyers looking for a smaller Mercedes a real alternative to the CLS without sacrificing anything other than a size. Despite being revealed on the eve of the Detroit Auto Show, the new Mercedes CLA will actually make its public debut at the Berlin Fashion Week this week as Mercedes seek to mark the CLA’s design out as a ‘Style Rebel’.