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Lotus Cars prepares to hire Lutz, Purves as advisers, sources say

Lotus Cars Ltd. is poised to tap former General Motors Co. product guru Bob Lutz and retired BMW executive Tom Purves to advise the British niche carmaker on a five-year turnaround plan.

Lamborghini Veneno Roadster makes its first appearance

The first photo of the Lambnorghini Veneno Roadster Back in July we exclusively revealed plans for a Lamborghini Veneno Roadster, and it looks like it’s almost here after the first photos leaked on to the Interwebs. The Veneno Roadster – the roofless version of the Veneno which debuted at Geneva in March – is the next instalment in Lamborghini’s on-going mission to sell titivated versions of its regular cars at very silly money. Under the titivated and extreme exterior of theVeneno Roadster lies a Lamborghini Aventador, but the price for turning an Aventador Roadster in to a Veneo Roadster is mad – the Veneno Roadster looks set to cost €3.3 million plus tax – enough for ten Aventadors.

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.