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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.

New Nissan Note production starts in Sunderland

The New Nissan Note goes in to production The new Nissan Note arrived at the Geneva Motor Show in March, and has turned in to a proper compact hatch – with plenty of kerbside appeal – instead of the rather bland small MPV it used to be. With better looks, some nice styling detail and lots of technology on offer – like Blind Spot Monitoring, Lane Departure Warning and Moving Object Detection, the new Note looks set to have much more impact when it arrive’s in Nissan’s showrooms than the old Note ever did. That point of view is given extra credence by the 14,000 orders Nissan has received for the new Note in Europe since it went on sale in July, and now the first Notes are ready to start rolling off the production line at Nissan’s plant in Sunderland.

Which of these 2013 car ads is your favorite?

The 2014 One Show Automobile Advertising of the Year award finalists have been announced, covering media from broadcast TV to experiential marketing. The One Club teamed up with the Detroit auto show to select their picks for best automotive advertisements in the business. The One Club will be awarding finalists based on five categories: Print & Outdoor, Broadcast TV, Online Videos, Interactive and Experiential Advertising as well as the Public Choice Award.