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Porsche to add 1,000 employees
Mon, 14 Feb 2011To 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.
Cash for clunkers plan revives trade fight
Thu, 05 Feb 2009Import brand automakers and dealers warned on Thursday that a vehicle scrappage proposal before the Senate would violate trade agreements and could weaken the economy. The Senate could vote on the plan on Thursday, which would offer $10,000 to any moderate- or low-income consumer who trades in a car or truck that is at least 10 years old and buys a new one that is more fuel-efficient and "assembled in the United States." The trade-ins would be scrapped rather than resold. The U.S.-made mandate "smacks of the protectionism that led to the Great Depression," said Barbara Nocera, the top Washington lobbyist for Mazda North American Operations.
Red-hot VW Golf R400 is headed for production
Tue, 22 Apr 2014If you thought the Volkswagen Golf R400 concept displayed at the Beijing auto show seemed suspiciously like a real product -- you know, one you'll someday be able to buy rather than something trotted out to tease the world's enthusiasts -- you were on to something. VW says a production version of the car is in the works. We should clarify: We didn't get confirmation of that, exactly.