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Forecasters see slow auto-sales recovery through 2011

U.S. auto sales in 2010 and 2011 will continue to crawl -- not walk or run -- out of last year's recession, according to forecasters at the Auto Industry Hot Topics Conference here. “It's going to be a long crawl out of this, but we're crawling in the right direction,” said David Wyss, chief economist for Standard & Poor's, which co-sponsored the conference along with J.D.

Porsche 911 buyers flock to rare 24-month leases

Porsche is pushing 24-month leases for its 911 and is running a six-month lease pull-ahead incentive on all of its sports cars to offset a shortage of low-mileage used cars. This year, 22 percent of all 911 lessees have taken 24-month contracts rather than 36-month deals, says Michael Bartsch, COO of Porsche Cars North America. That compares with 10 percent before the push.

Lorenzo Ramaciotti to head Chrysler and Lancia design

Lorenzo Ramaciotti, current head of design at Fiat Group, has been tasked with leading the design of future Chrysler and Lancia products in a bid to more than double the sales figures of the newly collaborated brands. The 63-year-old former Pininfarina designer – credited to some of the most beautiful Italian machinery of the modern era – has been asked by Sergio Marchionne, chief executive of Fiat and Chrysler Group LLC, to create a common styling language for the two brands that wouldn't look out of place in Detroit or Milan. Ramaciotti has made it clear that badge-engineering isn't going to be the future for the two brands and is hoping to inject a unique, but global flavor, into the two brands.