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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.

VW Phaeton – the 2010 facelift is unveiled at Beijing

Pay attention at the back. This is the new, facelifted VW Phaeton, unveiled today at the 2010 Beijing motor show. It most certainly is.

Vauxhall Meriva concept (2008): first official pictures

By Ben Pulman First Official Pictures 28 February 2008 11:45 This is Vauxhall’s new Meriva, and it will be the first mini-MPV with suicide doors. The car in our pictures is the concept, set to be unveiled at next week’s Geneva Motor Show. It gives us huge hints towards the final look of the production car, which will be shown at the Paris show in autumn 2008.