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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.

2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.

Speed up your work with Ferrari office chairs

If you're looking for a late Father's Day gift, or maybe just a present for the CEO who has everything, a selection of exclusive Ferrari office chairs can be purchased from www.racechairs.com. The rolling, adjustable office chairs look the part, and they should, considering that they were removed from real exotics. Prices for the licensed Prancing Horse chairs start at about $5,000, with the Ferrari 16M model coming in at the sale price of $12,999.