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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.

World’s oldest unrestored Austin Mini fetches £40k

1959 Austin Mini Seven went for £40k The oldest unrestored Mini in the world was expected to fetch £12-15k in auction last week. It actually went for £40,250. Just a couple of weeks ago we reported that the oldest unrestored Mini in the world was going under the hammer at the Bonhams sale at the RAF Museum in Hendon, expected to fetch as much as £15k.

Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger

Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.