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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.

'Vespa Segway' unveiled in Spain

A SPANISH company has revealed what must be the coolest-looking Segway ever made, built using parts designed for classic Vespa scooters. Standard Segway scooters are, let’s face it, a bit dull, especially in the styling stakes, which is why Barcelona-based Bel&Bel has built this. Officially called the Zero Scooter, it uses ordinary Segway running gear but wrapped in much, much jazzier Vespa clothes.

Citroen DS3 hits 200,000

The upmarket Citroen C3 – the very appealing Citroen DS3 – has hit the 200,000 production mark this week, a little over 2 years from launch. But we had to do a complete volte face when we finally had the new Citroen DS3 in for review – it’s an absolute cracker. In fact, so impressed were we with the DS3, we thought it probably the best car we’d had in during 2010, something Top Gear ended up agreeing with us on when they made it their car of 2010.