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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.

SSC Tuatara

Striving to reclaim the title as the fastest car in the world, Shelby Super Cars has announced the Tuatara, the second hypercar from relative newcomers. Designed by Jason Castriota, the all-new vehicle is a clear evolution of the company's first car, which also featured a cab-forward, large rear deck layout. This is sympathetically insinuated toward in the accompanying video.

Button: I over-reacted at Hamilton

JENSON BUTTON has conceded to an over-reaction in his criticism of Lewis Hamilton following Sunday's German Grand Prix. Button initially claimed Hamilton's performance at Hockenheim to be "strange" as his former McLaren team-mate was involved in a trio of minor collisions en route to finishing third from 20th on the grid. One of those involved Button at the hairpin as an attempt by Hamilton to pass culminated in the latter losing the front-wing endplate from his Mercedes.