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Porsche Panamera to debut at Shanghai

Porsche Panamera will debut in Shanghai in April It’s a sign of the growing importance of the Chinese market that Porsche has chosen to launch the car officially in China. Even the Chinese car market is suffering at the moment, but the simple fact is that with such a huge population, and a Chinese DNA that seems to predispose them to commerce now they are allowed to ‘Trade’ once again, there will probably be more potential Porsche buyers in China in the next 10 years than in the rest of the world combined. So suck-up now seems a good motto.

McLaren P1 sales will double turnover and quadruple profit in 2014 for McLaren

The McLaren P1 (pictured) boosts McLaren’s profits We’re starting to see the McLaren P1 – McLaren’s modern replacement for the iconic McLaren P1 – rolling out to lucky owners, and that will continue apace during 2014. Which means McLaren will see a big rise in its turnover and an even bigger rise in profits – up four-fold – as the £866,000 P1 replenishes McLaren’s bank account. But, although it will take a while to build, deliver and get paid for all 375 P1s, the P1 won’t be a long-term cash cow for McLaren, just a nice little booster as it starts to plan to up production to 4,500 cars a year over the next few years.

BMW DesignworksUSA heads to China

In light of its growth within China, BMW plans to open a DesignworksUSA studio in the country. Building on its studio portfolio of Los Angeles, Munich and Singapore, the Shanghai studio will be added to the repertoire in the second half of 2011. The DesignworksUSA project acts as a 'think-tank' for all of BMW's brands, as well as creating design for clients from diverse industries.