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Winterkorn remains CEO of Volkswagen's majority shareholder

Martin Winterkorn may have stepped down as the chief executive of Volkswagen in the wake of the diesel emissions scandal, but he's not out from under the company's large umbrella just yet. In fact, according to a report from Reuters, he still holds four top-level positions not only within the industrial giant's bureaucracy, but at the top of it. And one of those is as CEO of the company's largest shareholder. That holding company is Porsche SE, the investment arm of the Piech and Porsche families (Ferdinand Porsche's descendants) which holds over 50 percent of VW's shares. In 2008, Porsche SE acquired majority interest in the Volkswagen Group which in turn acquired Porsche the automaker – and placed VW's Winterkorn at the head of the executive board of the holding company. Though Winterkorn has resigned from his position as chairman of VW's management board, he has apparently yet to step down from running Porsche SE. That's not the only job that Winterkorn still retains in VW's senior management. He also continues to serve as chairman of Audi, as well as truck manufacturer Scania, and the new Truck & Bus GmbH into which Scania has been grouped together with Man. It remains unclear if or when Winterkorn might resign from those positions as well, or how his tenure in those posts might affect the company's effort to start over in the aftermath of the scandal in which it is currently embroiled. Also unclear, Reuters reports, is how much, exactly, Winterkorn will receive in compensation after having stepped down from his chair at the head of the VW executive board. His pension is reported at over $30 million, but he could be awarded a large severance package as well amounting to as much as two years' worth of his annual compensation, which amounted to around $18 million last year. Whether he receives the severance pay or not is expected to depend on whether his resignation is considered by the supervisory board to have been the result of his own missteps or independent of the situation that resulted in his resignation. One way or another, he's not likely to go poor anytime soon.

More details on Lanzante's F1-engined Porsche 930 restomod

Not long after last year's Porsche Rennsport Reunion, we posted on Lanzante Engineering's restomod project with the original Porsche 911 Turbo. McLaren Formula One used TAG-branded Porsche engines for four years in the 1980s to win two constructor's and three driver's championships. McLaren sold 11 of those engines to Lanzante — nine of which have been raced, one with a win to its credit — and Lanzante is installing them into the original chassis of some 930s. PistonHeads stopped by the shop to find out more. By the end of its service in the MP4/3, the TAG-Porsche TTE P01 motor rang up 1,060 horsepower in qualifying and 960 hp in the race, revving to a 12,600-rpm redline. Porsche engine legend Hans Mezger had led the development, coaxing those numbers from just 1.5-liters of V6 aided by two large KKK turbos at a max of four bar. All that was fine for a time when F1 ran with unlimited testing and unlimited parts, but a modern owner doesn't want to pay five techs to live in his garage and keep his car running. Lanzante asked Cosworth to make the engine more drivable and reliable. Cosworth installed a new crankcase, adjusted the air-fuel mixture, and installed smaller turbos for quicker power delivery, decreasing max boost by 25 percent to three bar (43 psi). The redline has come down to 9,000 rpm, for final output figures of 503 hp and 310 pound-feet of torque. According to PistonHeads, power climbs a "steady incline to redline," and more than half the rev band delivers maximum torque. The 503-hp rating doesn't sound like much today, when a Mustang gets more than 700 hp. Yet the first 930 Turbos got 296 hp and 243 lb-ft from a 3.0-liter flat-six with one big KKK turbo. The most powerful 930 Flatnose worked up 330 hp and 347 lb-ft from a 3.3-liter flat-six. Lanzante's taken out a ton of weight, though. The TAG engine is already 220 pounds lighter than the 930's 3.3-liter; a new carbon fiber hood and engine cover, and aluminum door skins shed more pounds. The total package weighs roughly 2,430 pounds, which is more than 500 pounds lighter than the original Porsche Turbo. That includes the extra pieces needed to make an F1 engine power a passenger car. Lanzante had to swap in a 930 Flatnose front bumper, which replaces the fog lights for oil coolers. The team put radiators at the front of the car as part of a brand new water cooling system. The climate control is entirely electric, because F1 cars didn't come with HVAC.

Watch Jay Leno's Garage work on a Porsche 911 and others

Jay Leno doesn't just own a bunch of cars – he restores them. (Or has people who restores them, at any rate.) For this latest video, he's showing us some of the projects he and his team are currently working on. The tour-de-garage starts with a 1953 Cunningham that had been in storage since '68, complete with a copper grille ready for plating and a 331 Hemi V8. Jay says that every one of the cars that Briggs Cunningham made is still on the road – but that's just one of the dozen or so projects Jay and company are working on. There's a suitably brown '71 Porsche 911 T in near-original condition having sat untouched parked underground in Beverly Hills for decades, and a '58 Chrysler Imperial convertible once driven by Clark Gable and Frank Sinatra, and now getting a brake upgrade. There's a Volvo 122 wagon that's been stripped down, media-blasted, and powder-coated, a thousand-horsepower Rolls-Royce, a 1960 Nash Metropolitan, a supercharged Mercedes-Benz 600 Pullman, and a 1914 Detroit Electric. And those are just the four-wheeled automobiles. Over in the two-wheeler section there's a pair of Brough Superiors, a BSA, an Indian, and a custom racing sidecar that Jay's mechanic Bernard is working on. In short, Jay Leno's Garage isn't just one where vehicles are kept – it's one where vehicles are brought back to life. Related Video: News Source: Jay Leno's Garage via YouTube Chrysler Mercedes-Benz Porsche Classics Videos Jay Lenos Garage bsa