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Porsche 928 to be reborn as Porsche Panamera Coupe

Porsche boss Matthias Mueller has revealed plans for new variants on the Porsche Panamera – including a Panamera Coupe – and more new models. Porsche boss, Matthias Mueller, has confirmed that Porsche are planning to extend the Panamera offerings with a coupe and probably a production version of the very convincing  Panamera Sport Turismo Concept we saw at Geneva in the spring, although nothing has been signed off yet. The most likely time for the Panamera Coupe and Shooting Brake to arrive is after Porsche refresh the Panamera next year, so we should expect a ‘new 928′ to arrive some time in 2014.

Porsche threatens to pull Boxster production from Magna

Porsche is considering canceling an existing contract with Magna to build the next-generation Boxster and Cayman in Austria starting in 2013 and may instead move production to Karmann in Germany. The move would be aimed at protecting Porsche's closely guarded engineering and production cost secrets for its upcoming entry-level roadster and coupe. Porsche insiders say plans established under former boss Wendelin Weideking to build the Boxster and the Cayman at Magna's Graz factory in Austria are now being heavily reviewed following the Canadian/Austrian company's bid to take control of financially embattled Opel from General Motors.

Toyota recalls the Lexus GX 460 SUV to upgrade stability software

Toyota on Monday said it is recalling about 9,400 copies of the 2010 Lexus GX 460 to update the stability-control software--just one week after Consumer Reports magazine warned that the vehicle was prone to oversteer in turns and urged its subscribers not to buy the vehicle. It's the latest in a series of gaffes that have damaged Toyota's reputation for high quality and led the automaker to recall millions of vehicles to fix problems such as sticking gas pedals. "Toyota's objective is to provide a high level of safety and quality, while meeting or surpassing governmental regulations," said Steve St.