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New Boxster and Caymen swell Porsche’s order book

The 2009 Porsche Cayman S - helping to boost Porsche sales [ad#ad-1] We’ve run stories on how well Porsche, and the whole VW/Audi group, is holding up through the current malaise in the car industry. Porsche’s last lot of profit figures were very impressive, but were mainly due to the huge amounts Porsche made on its trading in VW shares. We noted at that time that Porsche reckoned its sales were slow because people were waiting for the new versions of the Boxster and Cayman, and when that happened sales would increase.

Young drivers 'feel invulnerable'

MORE THAN seven in 10 young drivers think they are better than the average driver despite the age group being 2.5 times more likely to be involved in a serious crash, according to a survey by Vision Critical and road safety charity the Institute of Advanced Motorists (IAM) The IAM says that the average of 71% reveals a perceived 'invulnerability' in young people that is not reflected in the real world. Britain’s most confident young drivers are in Northern Ireland where an astonishing 87% think they are better than average. The facts tell a different story, with young drivers making up 26% of those involved in crashes.

Embattled Wagoner forced to quit as GM boss

By Ben Pulman Motor Industry 30 March 2009 11:34 Rick Wagoner has been forced to step down as General Motors chairman and CEO by US President Barack Obama, as a condition of the beleaguered automaker continuing to receive state aid. Wagoner was meeting with US government officials on Friday when the request was made for him to ‘step aside’. Wagoner had been GM president and CEO since 2000, and chairman since 2003 – his resignation ends a 31-year career with a company.