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Porsche considers North America, China production to grow sales

Porsche may launch production in North America and China as part of a plan to double annual global sales to 200,000 units, CEO Matthias Mueller said. Mueller said the sports car maker's current German assembly plants in Zuffenhausen, near Stuttgart, and Leipzig, were too small for the brand to reach its ambitious goals. "We will consider this year whether to start production in Asia or North America," Mueller told the German magazine Focus in an interview published Monday.

Volkswagen mulls new Phaeton for the US market

Volkswagen is giving some serious thought to bringing back the Phaeton sedan to the U.S., Automotive News reports. We haven't seen the Phaeton since 2006, when it was withdrawn from the North American market after lackluster sales. Built at the same factory as the much more expensive Bentley Continental GT and sharing much of the underlying mechanicals, the Volkswagen Phaeton managed to be a slower seller in the U.S.

Chevrolet Corvette ZR1 will be Indy 500 pace car

The 2013 Chevrolet Corvette ZR1 will be the pace car for this year's Indianapolis 500--a fitting victory lap as the current sixth-generation Corvette heads for the end of its production run and the end of this version of the ZR1. The Indy pace-car Corvette will wear the 60th-anniversary trim package--an arctic white exterior with silver stripes down the center of the car and a blue interior with suede leather coverings on the steering wheel, center console and in the seats. Changes for the pace car include only the addition of a light bar on the roof, some racing-safety equipment and race logos.