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Honda FCEV hydrogen Concept teased for Los Angeles Auto Show

Honda FCEV hydrogen Concept teased for Los Angeles Auto Show Car makers are all starting to vie for a piece of the hydrogen-powered market for road cars that is starting to develop, and Honda is now joining the fray with the Honda FCEV Concept. The Toyota FCV has already been revealed as debuting at the Tokyo Motor Show and now Honda are in on the act with their own FCEV heading for a debut at Los Angeles later this month. Honda say the FCEV Concept previews a 2015 production model for the US and Japan – and other markets later – and comes more than a decade after Honda first started leasing hydrogen fuel cell cars to a handful of fleet users.

Porsche to add 1,000 employees

To keep pace with its planned model expansion and sales targets, Porsche AG will add more than 1,000 employees by 2015, Automotive News Europe has learned from Volkswagen Group sources. About 500 jobs will be added for production of Porsche's new compact SUV, codenamed the Cajun, which will go on sale in 2013 in Europe and in North America about six months later. Porsche's supervisory board will make a decision on the production location of the Cajun in mid-March.

Daimler takes 10 percent stake in EV maker Tesla

Daimler AG has acquired an equity stake of nearly 10 percent of California electric car maker Tesla Motors Inc., the German automaker said Tuesday. The two companies have been working together to integrate Tesla's lithium-ion battery packs and charging electronics into the first 1,000 units of Daimler's electric Smart car. Daimler said its stake in Tesla will allow the companies to collaborate even more closely on the development of battery systems, electric drive systems and in individual vehicle projects.