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Porsche Panamera convertible plans uncovered

A series of European and U.S. patent applications obtained by AutoWeek show that Porsche remains committed to building a four-door convertible version of its flagship Panamera, despite recent comments from Zuffenhausen insiders indicating the car had been canceled. The new car, depicted in official drawings that accompany the latest Porsche patent applications filed in February, eschews the two-door route taken by all of its upmarket rivals for a practical four-door body.

Indiana yanks Kruse auction licenses

Kruse Inc., the auction company that sold the famous William Harrah car collection and has been synonymous with auctioning enthusiast automobiles since the 1970s, has lost its licenses in its home state. The Indiana Auctioneer Commission ruled on Tuesday to revoke both of Kruse Inc.'s licenses, and the company has to wait seven years to apply for new ones, said Kelly Butters, a spokeswoman for the Indiana Attorney General's Office. Dean Kruse, president of the auction house, has had his personal license suspended indefinitely.

Autoweek in review: What you might have missed

At the start of the week, Kia announced that it will launch a rear-wheel-drive sedan code-named the KH in the first half of 2012. U.S.-based press officials wouldn't comment on whether the KH would come stateside, despite a 36 percent increase in U.S. Kia sales in 2011.