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Porsche boss Mueller: A launch every year, 200,000 sales by 2018

By 2018, Porsche CEO Matthias Mueller, 57, aims to boost annual global sales to more than 200,000 units, up from 97,000 in 2010. To do so, he will introduce at least one new Porsche every year. Mueller, a former executive at Volkswagen AG, replaced Michael Macht as Porsche AG CEO in October.

Ferrari California Handling Speciale (2012) first pictures

This is Ferrari’s revised California, which will be unveiled at the Geneva motor show in March 2012. It’s got more power, weighs less, and can be optioned with a chassis-sharpening Handling Speciale package, all features scooped by CAR last year. The California caused quite a stir when it was launched, ushering in a whole host of firsts for Ferrari: it was the company’s first convertible with a folding metal roof; the first with a double-clutch gearbox, the first front-engined V8 Ferrari, and the first with direct-injection engine technology.

Mitsubishi is hoping that new models will spur sales in the United States

Mitsubishi aims to revive its ailing U.S. operations by introducing a new SUV and a small car by 2012 and by reviewing the dealership network to weed out weak players. "The revitalization of the American business is very important," Mitsubishi Motors Corp.