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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.

Aston Martin signs Christian Klien as final factory driver

Ex-Formula One driver Christian Klien has completed Aston Martin Racing's factory driver lineup, the team said on Wednesday. He will join his new teammates in the all-new LMP1-class 007 AMR-One in the 24 Hours of Le Mans. Klien competed in 49 F1 races since 2004 and drove for Peugeot in Europe's Le Mans Series, and in 2008, he had both the fastest lap and finished third in the 24 Hours of Le Mans.

Carroll Shelby's AC Cobra to be auctioned

A limited-production 1965 Shelby Cobra 427 CSX1001 will be available at the Russo and Steele Collector Automobile Auction in Scottsdale, Ariz., Jan. 19-23, 2011. This vehicle is one of 12 in the CSX1000 series to have an AC-built body.