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Porsche 960 & Porsche Pajun on the way

A Porsche source has confirmed that Porsche are working on a smaller Panamera – the ‘Pajun’ – and a mid-engined Porsche 960. Now that Porsche has finally become part of VW, it can move forward with its plans to fill every supercar niche in the same way Audi is in a mission to fill – and create – every premium car niche. With two new models already officially confirmed as on the way – the Porsche Macan (a smaller Cayenne) and the Porsche 918 – Porsche’s minds are now firmly focused on the next two new models from Stuttgart – the eighth and ninth models in the range.

Moody's boosts Ford's credit rating

Moody's Investors Service upgraded Ford Motor Co.'s debt to investment grade, culminating the automaker's six-year struggle to win back the Blue Oval and other assets mortgaged in 2006. Moody's is the second agency to upgrade Ford's debt from junk status, paving the way for the company to recover assets it mortgaged in 2006 to stave off bankruptcy. The company raised $23.5 billion in a move that allowed it to avoid government bailouts or bankruptcy when the industry collapsed in 2008.

Porsche seeks ‘everyday magic' with film contest

Porsche North America has tapped into its considerable fan base, seeking homegrown visions for its My Daily Magic filmmaking contest. Aspiring directors made 60-second spots for the brand that show his or her interpretation of “everyday magic.” Of those entries, 10 finalists were chosen to make 90-second commercials that will be voted on by the public, as well as by Porsche brass. One film shows a father that has to run some errands on a weekday.