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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.

Citroen DS 5LS R (2014) first official pictures

By Damion Smy First Official Pictures 04 April 2014 07:00 This hard-core saloon is the most powerful Citroen ever built. This is the Citroen DS 5LS R that will star at the Beijing motor show in a few weeks. The clunkily-named model is a C-segment saloon that’s based on the DS 5LS, which was unveiled in December 2013, but this R version is a race version in the vein of the DS3 Racing and DS4 Racing models.

Hyundai adds Fox Marketing Veloster to SEMA display

Hyundai continued its SEMA effort on Wednesday with the most powerful street-focused Veloster Turbo yet. It will be on display in Las Vegas, Nov. 5-8.