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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.

Eterniti Motors opens London shop

Eterniti Motors officially opened its doors in London on Monday. The 10,000-square foot building in Park Royal not only hosted the opening-day party, but also displayed the company’s first production model, the Eterniti Artemis SUV. We saw the Artemis back in 2011 at the Frankfurt auto show.

UK pays £30 million a month in parking fines

British motorists are paying out a massive £30 million in parking fines every month, according to Freedom Of Information data obtained by LV= car insurance. So far in 2013, councils have handed out over 890,000 tickets a month – an increase of 4% on 2012 figures. The huge £30 million total is based on the UK average parking fine of £42.