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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.

Nissan plans to build the Infiniti JX in Tennessee

Nissan Motor Co.'s assembly plant in Smyrna, Tenn., will build the new seven-passenger Infiniti JX crossover next year, the chairman of Nissan Americas said Wednesday. The move is part of Carlos Tavares' mission of getting Nissan and Infiniti products out of yen and into dollars, but that will require the automaker to move some products around. Tavares also wants to buy more parts from North American suppliers.

Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.