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Petrol prices reach three-year low

PETROL PRICES are at a three-year low, with Yorkshire and Humberside remaining the cheapest area, according to figures from the AA. But the good news for drivers is offset by a real-terms dip in earnings which has pushed wages back to 2002 levels adjusting for inflation, the AA added. Petrol forecourt prices across the UK averaged 129.46p a litre in mid March compared to 129.63p in mid February.

First Sight: Ford Evos concept

Two weeks prior to the Ford Evos concept's official world debut at the 2011 Frankfurt auto show, CDN traveled to Berlin for an exclusive preview of the Blue Oval's latest creation. In attendance were Martin Smith (Europe and Asia-Pacific), Moray Callum (North America) along with with J. Mays, Group Vice President, Design and Chief Creative Officer.

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.