Performance Meets Luxury! 2013 Porsche Panamera S on 2040-cars

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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.

2017 Porsche Panamera caught testing without camo

One of these days, Porsche is going to introduce the 2017 Panamera. That day is not today, though, so we've got yet another round of spy photos showing the new sedan undergoing winter testing. This is easily the closest we've seen to a production body on the new Panamera – it's completely free of camouflage aside from the unconvincing stickers over the headlights and taillights. They're not very good, though. We can see the taillights will adopt a similar look to the new 911 – they'll be slim LEDs that occupy a lot less space than on the current car. The headlights are slimmer too, but there's no light being shown through the stickers, so we can't discuss actual changes as easily as we can on the tail. As we've said before, the Sport Turismo Concept styling has been plainly converted to create an evolved version of the Panamera's existing design language. According to our spies, the next Panamera will ride on a new MSB platform that aims to slash 200 pounds of fat from the next-gen model. Aluminum and high-strength steel play a big roll in that weight loss. Underhood, there should be the usual range of six- and eight-cylinder engines with a plug-in-hybrid option. As we reported previously, expect the Panamera to show up at a European show, likely Paris or possibly Geneva in 2017. Related Video:

Porsche Australia racing chief dies in crash

The motor racing community in Australia was saddened today to learn of the passing of Jamey Blaikie, a longtime racing administrator and former motorsport director for Porsche in Australia. A former racing driver in his own right, Blaikie was better known for his instrumental role in starting the Porsche Carrera Cup in Australia back in 2003. He left Porsche Cars Australia just last year to pursue other interests, including running an Aston Martin entry in the GT Asia series. Blaikie was in Fiji reportedly undertaking charity work there when his rental car collided with a truck, prematurely ending his life at just 52 years old. Our condolences go out to his family, friends and the motorsport community Down Under, where he'll surely be missed.