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No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

Henrik Fisker leaves his eponymous company

Henrik Fisker, co-founder of Fisker Automotive, has resigned from the company as Fisker seeks funding to move forward. But Henrik Fisker managed to convince the car world his Fisker Karma was credible, even if its gestation has been plagued by problems,  the latest of which has been the demise of its battery supplier – A123 Systems – and the wrecking of a dock full of seemingly uninsured Karmas by Hurricane Sandy. The current problems at Fisker has seen them seeking a new investor, with two Chinese companies – Geely and Dohnfeng – vying to take a majority stake in Fisker Automotive and help Fisker recover sales of the Karma and move on with Project Nina, the smaller Fisker Atlantic.

Citroen to launch '3CV' plus DS3 cabrio, DS4 SUV, DS6

Citroen is working on a '3CV', a radical new entry-level model positioned between C1 and C3. Imagine the previous C2 pepped up by the glittery polish that's made the DS3 such a success, and you're not far off Citroen's new city car vision. Known inhouse as Citroen Trois Chevaux (3CV), it reportedly captures the spirit of the quirky Ami 6, draws on the space efficiency of the 2CV and mimics the ride comfort of the hydropneumatically sprung GS.