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Infiniti's 2013 luxury EV: the teaser sketch

Infiniti has released a teaser sketch of its upcoming electric vehicle. Revealed at the opening of Infiniti’s second UK dealership, at Piccadilly in London, the single image previews a ‘luxury’ EV that Infiniti promises will be launched in 2013. Underneath it’s essentially a Nissan Leaf, but as you can see from the sketch it won’t look like a re-nosed Nissan.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.

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.