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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.

Daimler & BYD reveal the Denza EV Concept: Beijing 2012

Denza EV Concept The partnership between Daimler and BYD in China has revealed its first fruit – the Denza EV Concept - at the Beijing Motor Show. It’s just a few weeks since we learned that Daimler and BYD had come up with a name for their joint venture in China to produce New Energy Vehicles (basically EVs). Denza – or Tengshi, in Chinese – seeks to take Daimler’s expertise in car making (and they do claim more than any other car maker on the planet) and mate it with BYD’s undoubted expertise in electric cars to build a car company that only produces new energy vehicles.

New Mercedes SL (2012) caught on video

New Mercedes SL 2012 - out Near the Nurburgring We go eight months without a single story on the 2012 Mercedes SL and then two turn up at once. First Mercedes quietly drop the V12 engine from the SL (SL600 and SL63), and now we have video of the new SL on its way to, and on its way round, the Nurburgring. All of which may point towards a reveal earlier than we expected.