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A panel of senior supervisory board members at Volkswagen said a loss of trust was to blame for Piech's sudden departure on Saturday.

Piech resigns as VW chairman after failing to oust CEO


FRANKFURT -- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman of the company on Saturday after losing a showdown with Chief Executive Martin Winterkorn.

Piech, the 78-year-old grandson of the inventor of the Volkswagen Beetle, had previously succeeded in ousting other executives who crossed him, including his hand-picked successor as Volkswagen CEO, Bernd Pischetsrieder.

But this time, he was unexpectedly isolated in a five-to-one vote of Volkswagen's steering committee last week as labor representatives, the state of Lower Saxony and even his own cousin Wolfgang Porsche stood firmly behind Winterkorn.

"The members of the steering committee came to a consensus that, in the light of the past weeks, the mutual trust necessary for successful cooperation was no longer there," the six-member panel said in a statement after another meeting on Saturday.

The 2016 Corvette Z06 C7.R Edition pays homage to the Corvette Racing race cars. Offered in coupe and convertible models, only 500 will be built -- each with a unique, sequential VIN.

Ultimate Z06? Track-ready Corvette C7.R Edition lets you channel your inner Tommy Milner


When Chevrolet does just 500 of any kind of new Corvette, you can bet it becomes a collector’s item. The latest is the 2016 Corvette Z06 C7.R Edition – a car Chevy calls a “road-going, track-capable homage to the Corvette Racing C7.R race cars.” It comes in Corvette Racing’s yellow livery –- or black –- and yes, just 500 are coming “later this year,” according to Chevrolet.

Both coupes and convertibles are available and have the Z07 Performance Package, so that means Brembo carbon ceramic brakes, adjustable front and rear aero pieces and Michelin Pilot Super Sport Cup 2 tires. Other goodies include yellow brake calipers, black wheels with yellow accents and Corvette Racing-logo center caps and a carbon-fiber ground effects package.

Latest Reviews

The 2015 Chevrolet Colorado is an all-new midsize pickup with the style and versatility of a truck and the refinement, maneuverability and efficiency of a crossover.

Midsize, full-featured

2015 Colorado 4WD Z71 Crew Short Box review notes


EDITOR WES RAYNAL: Like the Autoweek Best of the Best-winning GMC Canyon, this is just an honest, what-you-see-is-what-you-get truck. No frills, nothing fancy, just a solid nicely sized truck. By nicely sized I mean it’s easy to drive and makes me wonder why automakers got away from it. I suppose it’s because the F-series, Silverado, Sierra, Ram and their ilk sell like proverbial hot cakes.

The Colorado/Canyon is a terrific balance between delivering what you want in a car-like driver with truck utility. The chassis is stiff, the ride smooth and composed, the cockpit is well laid out and quiet and the V6 means good punch. It’s more maneuverable for corners and parking but has enough room inside to not feel cramped. “Handy” is a good way to describe it.

What’s the competition? Not much. There’s the Canyon of course and the Tacoma and what else, the Honda Ridgeline maybe? I imagine similarly sized F-150s and Rams are on the way stat. GM moved 19,000 Colorados so far this year and 7,152 Canyons. Toyota sold 39,600 Tacomas. That’s almost 66,000 in three months. I imagine other automakers are at least thinking about getting in on that action.

We test the 2016 Cadillac ATS-V on the road and at the Circuit of the Americas race track in Texas.

No excuses

2016 Cadillac ATS-V is a true Euro tuner alternative


What is it?

The 2016 Cadillac ATS-V sedan and coupe aren’t particularly complicated, even if their engineering and performance technology are cutting edge. The smallest, lightest V Series cars to date form Cadillac’s one-two punch at a luxury-performance category long dominated by European brands, excuses no longer necessary.

The competitive set includes some of the best, most interesting high-performance sedans and coupes in the world, including the Audi RS5, the Lexus RC-F and the Mercedes-Benz C63 AMG. Cadillac vehicle chief engineer Tony Roma calls the ATS-V “a bi-modal car” that compromises neither luxury nor performance, yet he makes no bones about its ultimate target and benchmark. That would be the long-time track star among these compact-class hot-rods—the BMW M3/M4.