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Porsche Panamera explained in greater detail

Porsche has revealed previously undisclosed details of its new Panamera ahead of a planned public debut at next month's Shanghai motor show. On sale in North America on Oct. 17, the first-ever Porsche sedan will cost more than the BMW M5 and the Mercedes-Benz CLS63 AMG, with prices starting at $89,800 for the base rear-wheel-drive Panamera S and rising to $93,800 for the four-wheel-drive Panamera 4S.

London Taxi maker Manganese Bronze bought by China’s Geely

China automotive giant Geely has bought Manganese Bronze – makers of the iconic London Black Cab – in an £11.04 million deal. The iconic London Black Cab has been an accident waiting to happen for years, as under investment in making the Black Cab fit for the 21st century saw competition – like the Mercedes Vito Taxi and the Nissan NV200 Cab – start to offer serious competition to the taxi that identifies London. Despite an investment by China’s Geely – when Geely bought 20 per cent of Manganese Bronze, makers of the Black Cab – and the bulk of the Black Cab being produced in China and bolted together in the Midlands, the final nail in the coffin for Manganese Bronze was the recall of 400 TX4 cabs over a steering fault.

Who's Where: Thomas Ingenlath appointed Vice President of Design for Volvo

Thomas Ingenlath is set to assume the position of Vice President of Design for Volvo on July 1. He succeeds Peter Horbury who is now Senior Vice President of Design for Geely Group. Ingenlath will report directly to Volvo Car Corporation President and CEO, Stefan Jacoby.