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Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.

Saab China Deal: Chinese Government support ‘In Principal’

Saab gets encouragement from China Minister Yesterday we had the news that Pang Da and Youngman – the Chinese companies seeking to buy Saab – have outlined the investment they propose to make in Saab. But the deal to sell Saab is fraught with difficulties for Victor Muller. It’s one thing getting someone to say yes, but there are an enormous number of hoops to jump through before any deal can be finalised.

Union calls on Nissan to recognise workers

Nissan must surely be on the crest of a wave right now, celebrating its success at the 2014 What Car? awards, where it picked up the reader’s choice prize for the next generation X-Trail, and saw the all-new Qashqai take both the small SUV and the overall Car of the Year trophy. It’s also just announced that its Sunderland plant – where the old and now the new Qashqai are assembled – has built over a million vehicles in the last two years.