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2013 Audi S3 – Paris debut

Audi has revealed the new S3 with a 296bhp 2.0 litre direct injection engine which will debut at the 2012 Paris Motor Show. The new Audi S3 – which will bow in at next week’s 2012 Paris Motor Sow – will join the new 5-door A3 Sportback on Audi’s stand at Paris and lay down a firm marker for Audi’s share of the market. The new S3 gets a new 2.0 litre direct injection engine - part of Audi’s EA888 engine range – to go with its new underpinning using the same MQB platform as the latest A3 range, making the new S3 both lighter and more powerful.

SEAT Altea Copa & Altea XL Copa Editions launched. Price from £16,425

The SEAT Altea Copa and Altea XL Copa Editions have been launched by SEAT with more equipment for no more money. The SEAT Altea has been with us for a very long time and is not quite as enticing as it once was as a sporty take on a compact MPV – based on the SEAT Leon with a higher roofline and slightly raised suspension  – so SEAT are launching the Altea Copa (and Altea XL Copa) to try and breathe a bit of life in to Altea sales. In the process of launching the Altea Copa, SEAT are also simplifying the Altea range a bit by dropping the ‘S Emocion trim along with the 1.4 litre 85 PS and 1.4 TSI litre 125 PS petrol engines, which leaves three engines to choose from in the Altea range - 1.2 TSI 105 PS, 1.6 TDI 105 PS, and 2.0 TDI 140 PS.

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.