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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.

Jaguar/Land Rover sale 'deadline set for July 2007'

By Jamie Butler Motor Industry 09 July 2007 11:28 Potential buyers circling Jaguar and Land Rover have until 19 July to table a bid, it was revealed at the weekend. Ford is preparing to sell both luxury car makers together, although it may consider bids to buy them separately. It is thought that the most likely buyers are private equity investors, as several car manufacturers have already publicly declined the offer to buy the historic brands.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.