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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.

Volkswagen Golf R Cabriolet arrives on video

The first view of a production VW Golf R Cabriolet has arrived in a video of the new Golf R Cabriolet from Volkswagen. The idea that VW would produce a convertible version of the Golf R has been around as long as the Golf R has. But only now, when the current Golf R is almost the ‘old’ Golf R after the arrival of the new VW Golf MK 7, do we get the production version.

Cadillac sets the base price for the 2011 CTS-V wagon at $62,990

Prices for the 2011 Cadillac CTS-V wagon will begin at $62,990, including destination charges. Available with either a six-speed manual or a six-speed automatic transmission, the CTS-V is powered by a 6.2-liter V8 delivering 556 hp and 551 lb-ft of torque. Options include Recaro heated and ventilated driver and front-passenger seats ($3,400); 19-inch aluminum wheels ($800); midnight Sapele wood-trim package ($600), and a suede steering wheel and shifter ($300).