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New products to drive Porsche's sales goals

Porsche may add an entry-level sports car as part of a plan to double global sales to 200,000 units by 2018. The new four-cylinder sports car would be in addition to a small SUV and a plug-in hybrid supercar recently approved for production. Matthias Mueller, the former Volkswagen executive who took over as Porsche CEO in October, says a new product strategy will be completed by the end of March.

New Mercedes S Class garners 30,000 orders in first 3 months

New Mercedes S Class (pictured) garners 30,000 orders in first 3 months The last Mercedes S Class was with us for getting on for a decade, so it’s no surprise, with a new S Class in the offing, Mercedes ended up cutting S Class production in 2012. But now the new 2014 Mercedes S Class has arrived, and orders are starting to flood in. Mercedes are reporting that in the first three months on sale the new S Class has received more than 30,000 orders, compared to a total of 65,000 orders for the previous S Class in its last year.

Chrysler performance guru Dan Knott dies at 51

Chrysler senior vice president Dan Knott emerged as an unquestioned powerbroker in the industry, deftly navigating the flying circus that can be automaker-supplier relations. But enthusiasts of all stripes owe Knott a debt of gratitude, as he was a performance guy long before he became a well-known industry executive. Knott, 51, died April 29 after a battle with cancer.