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Porsche CEO likely to bow to pressure to leave, report says
Wed, 22 Jul 2009Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.
News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
India Grand Prix (2013) qualifying: Dominant Vettel takes pole for Red Bull
Sat, 26 Oct 2013Sebastian Vettel (pictured) is in pole position for the Indian Grand Prix Sebastian Vettel had a chance to take the 2013 F1 drivers title in Japan, but Alonso managed to spoil that by finishing in fourth spot. But there seems little to stop Vettel taking the title in India tomorrow after a dominant display put him in pole position for tomorrow’s race. Vettel took pole by 0.752s from Rosberg with Rosberg’s team mate, Lewis Hamilton taking third spot and the second Red Bull of Mark Webber lining up in fourth.