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New products to drive Porsche's sales goals

Porsche may add an entry-level sports car as part of a plan to double global sales to 200,000 units by 2018. The new four-cylinder sports car would be in addition to a small SUV and a plug-in hybrid supercar recently approved for production. Matthias Mueller, the former Volkswagen executive who took over as Porsche CEO in October, says a new product strategy will be completed by the end of March.

Ford truck-design boss leaves for job outside the industry

Pat Schiavone, Ford Motor Co.'s truck design chief, is leaving the company for a job outside the industry. Ford spokeswoman Marcey Evans on Monday confirmed Schiavone's resignation, effective Jan. 4.

Reliant Robin now a classic vehicle

THE RELIANT ROBIN, a vehicle popularised by Del Boy Trotter in the Only Fools And Horses TV show, is now classed as a classic vehicle thanks to changes in the Budget. Chancellor George Osborne announced that a rolling 40-year vehicle excise duty (VED) for classic cars will come in on April 1 this year. Until now, only cars built before January 1 1973 were exempt from VED.