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Wiedeking to be offered $140 million to quit Porsche, report says
Fri, 17 Jul 2009Porsche 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.
Electric Rolls Royce Phantom EV 102EX at Geneva
Sun, 20 Feb 2011The Rolls Royce EV 102EX - Geneva Debut Eighteen months ago we ran a story headlined ‘Electric Rolls Royce Phantom Coming?’ after the man from Goodwood let slip at the Goodwood Revival that Rolls Royce were looking at the viability of an electric Rolls Royce. Our first reaction was to throw our hands up in horror and declare it sacrilege, until we decided to ignore our preconceptions and prejudices and look at the benefits an electric motor could bring to a Rolls Royce. Benefits like absolute silence – long a Rolls Royce claim, rarely a Rolls Royce reality – and huge waves of torque that arrive let a Tsunami that never ends.
Saab: Is India’s Mahindra in the hunt for bankrupt Saab?
Fri, 30 Dec 2011India's Mahindra in the hunt for Saab? It’s reported that a representative of a ‘Large Indian Car Maker’ has been rebuffed by the Saab receivers. Victor Muller finally gave up the task of trying to keep Saab in business just before Christmas and filed for bankruptcy.
