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2014 Porsche Panamera gets new hybrid

The Porsche Panamera has been restyled and the lineup gains a plug-in hybrid model, along with a new twin-turbo V6 for the Panamera S and 4S models that is more powerful than the former base V8. Also, Porsche is adding a stretched version of the Panamera with 5.9 inches added to the wheelbase for additional rear-seat legroom. The restyled Panamera goes on sale in the United States late this year as a 2014 model.

Petrol prices expected to plunge

PETROL PRICES at the pumps could plunge by almost 4p over the next two weeks, the RAC predicted today. But the reduction, and a forecast 2p dip in diesel, will only happen if other retailers follow the supermarkets' lead in dropping prices, the RAC added. It said that the wholesale price of petrol had now reached its lowest price since the beginning of December 2012.

Hyundai lures Toyota's Michael O'Brien to head U.S. product planning

Hyundai named Michael O'Brien vice president of product and corporate planning--an influential position that has been vacant since John Krafcik became CEO in late 2008, the company announced on Tuesday. O'Brien, 55, spent the last 14 years at Toyota Motor Corp.'s U.S. sales division as a manager within the corporate planning division.