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Porsche to add 1,000 employees

To keep pace with its planned model expansion and sales targets, Porsche AG will add more than 1,000 employees by 2015, Automotive News Europe has learned from Volkswagen Group sources. About 500 jobs will be added for production of Porsche's new compact SUV, codenamed the Cajun, which will go on sale in 2013 in Europe and in North America about six months later. Porsche's supervisory board will make a decision on the production location of the Cajun in mid-March.

Lamborghini Veneno: Official

The Lamborghini Veneno, a limited run Aventador LP700-4, has been officially revealed by Lamborghini with dramatic styling and 740bhp. Lamborghini tell us that all three Venenos have already been sold – at a hefty £3.12 million, no less – and the Veneno is more a street-legal track car than just a titivated Aventador. The body of the Veneno – which is named after a particularly ’Venomous’ fighting bull – is crafted from carbon fibre and is designed to achieve optimal aerodynamics with the front splitter, rear diffuser, huge rear wing and a big fin running down the middle of the roof all conspiring to make the Veneno more aerodynamic than its Aventador sibling.

Yo-Auto Yo-Concept

Yo-Auto, a new Russian car manufacturer, is due to reveal its Yo-Concept at the 2011 Frankfurt motor show. The company is taking pre-orders for its range of hybrid vehicles, anticipated for release in 2012, which consists of a coupe, hatchback and a truck. Although it has been confirmed that the car will not make the jump to production, it is understood that Yo-Auto hopes the vehicle will lead the way in the future of car design.