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Porsche approves the Cajun, a junior 4x4

Porsche's supervisory board today confirmed it would build the Cajun, a junior SUV to slot beneath the Cayenne in its range. The announcement from Stuttgart confirmed the 'working name' Cajun and said the new model would increase growth. Critics will surely say that the Cajun represents yet another move away from Porsche's sports car roots, but don't forget the effect that Cayenne sales have had on the company's balance sheets.

Fiat Panda 4×4 & Panda Trekking: Price from £12,450

The 2013 Fiat Panda 4×4, revealed at the 2012 Paris Motor Show, is now on sale from £13,95. It’s 2WD sibling – the Panda Trekking – costs from £12,450. Not only is the Panda 4×4 so called because it has 4WD, but because Fiat want to shout loud and proud that this little shopping car really does have credible four wheel drive underpinnings – almost unheard of in this sector.

Ford posts $2.4 billion profit

Ford Motor Company reported a profit of $2.4 billion on revenues of $35.5 billion, excluding Volvo, during the second quarter, the automaker said Tuesday. A year ago, Ford posted net profits of $2.6 billion on revenue of $35.07 billion, including Volvo. Excluding Volvo, Ford's revenue in the second quarter of 2010 was $31.3 billion.