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Porsche Cayenne diesel V8 may not be long for this world

Goodbye, Porsche Cayenne V8 Diesel. We hardly knew ye. Nor did the Europeans, apparently. Porsche's V8 oil burner is still on the European model list for the Cayenne SUV, but the mill won't go through the likely pricey process of being updated to adhere to new and stricter European emissions standards, Just-Auto says. A Porsche spokesman confirmed to the publication that it's a fairly complicated process to update the diesel V8 to be so-called "Euro-6 compliant." With Cayenne diesels selling in relatively low volumes anyways, the German automaker might just dump the V8 diesel altogether, as it'd be quite cost-ineffective to make the necessary upgrades. The V8 diesel was a 4.1-liter engine that delivered 385 horsepower in addition to what sounds like a little too much exhaust for European clean-air regulators. While that's a pretty powerful profile, the most recent gas-powered V8 for the Cayenne delivers about 570 horsepower, so the diesel engine won't likely be missed by European auto enthusiasts. Besides, there's still the V6 diesel that's also sold in the US. That's a 4,800-pound beast that moves from 0 to 60 miles per hour in about seven seconds and gets a relatively (for diesels) modest 20 miles per gallon city. For those who are curious, Autoblog's First Drive review of that model can be found here.

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.

Porsche acquires Kyalami race track at auction

With more victories under its belt than any other manufacturer, you could say, in a figurative sense at least, that Porsche owns countless numbers of race tracks around the world. But here we're not talking about figuratively owning a track - we're talking about literally buying one. And Porsche has just bought Kyalami.
Kylamai, for those unfamiliar, is a grand prix circuit near Johannesburg in South Africa. Between 1967 and 1985, and again in '92 and '93, it was home to the South African Grand Prix, and has since hosted a variety of local and lower-level international races, but apparently fell on hard times. As a result, the track's owners - listed as Universal Property Professionals - put it up for auction. Bidders had to deposit four million Rand (about $380k) to participate, but after just 50 seconds, the auction was over.
The winning bid was placed - via telephone from the local press launch for the Macan - by Porsche South Africa CEO Toby Venter, who bid a reported 205 million rand (about $19.5 million) to take over the complex. The German automaker's South African division reportedly intends to keep the track open for racing, but could also be expected to use the facility for testing, customer track days and such moving forward.