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Porsche CEO likely to bow to pressure to leave, report says

Porsche 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.

McLaren confirms limited run of 12C GT Can-Am racers

It's been a busy weekend for McLaren: not only did Lewis win the 2012 US grand prix, but the car-making division confirmed it would build the most powerful MP4-12C yet – the new 12C GT Can-Am Edition. It's the track-focused 12C racer and Woking has sanctioned a limited run 'of no more than 30 examples.' McLaren MP4-12C Can-Am: the background It's a maxxed-up version of the MP4-12C road car, which has so impressed us since launch. Here the 3.8-litre V8 bi-turbo is derestricted and boasts a maximum power output of 621bhp.

Koenigsegg to celebrate 100th car with special model

Koenigsegg, Swedish makers of stunning supercars, are planning a very special model to celebrate their 100th car. Christian Von Koenigsegg founded his eponymous supercar company back in 1994, but it took until 2002 for the first customer car to be delivered. That first car was the Koenigsegg CC8 (a development of Christian’s original CC prototype) which featured bespoke everything – from chassis to suspension and brakes – but utilised a Ford 4.7 litre V8.