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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.

Mugen Honda CR-Z Hybrid Video ahead of Goodwood

Mugen Honda CR-Z Hybrid playing on video We reported back in April that Honda had turned to Mugen to see if they could inject anything in to the CR-Z Hybrid that might make it even remotely appealing to a driver. The plan was to take the resulting Mugen Honda CR-Z to this year’s Goodwood Festival of Speed, to see if the knowledgeable petrolheads that gravitate to the Goodwood Estate like moths to a Summer flame could find something to love in the Honda CR-Z, once it had had some Mugen fairy dust springled on it. We were a bit reluctant to expect anything much of the CR-Z even after Mugen had played, but we were pleasantly surprised to learn that the CR-Z would get a wider track, new suspension and brakes and a drop in weight thanks to some carbon fibre in the mix – most notably the carbon fibre bonnet.

Dana Point concours to feature Le Mans legends and Shelby hot rods

The 30th-annual Dana Point Concours d'Elegance at the St. Regis Monarch Beach Resort will highlight “Legends of Le Mans: Racing in the '60s” and celebrate the 50th anniversary of Shelby American. A 1961 Ferrari 250 SWB that won its Le Mans class in 1961 will join the event from the collection of Bruce Meyer.