No Porsche plan for model priced less than Boxster

Porsche has no plans to sell a car costing less than the Boxster, according to the automaker's head of sales and marketing. "To build a Porsche for 30,000 euros [$37,800 at current exchange rates] currently doesn't fit our brand," Bernhard Maier told the Automotive News Europe Congress in Monaco on Thursday. "The extraordinary purchase experience is not for free and the entry price is currently covered with the Boxster and in the future by the Macan." He said Porsche's plan to double sales won't compromise exclusivity.

LA Motor Show: Porsche launches 192mph Panamera Turbo S

THE SCINTILLATING Panamera Turbo S has been launched at twin events at the Tokyo and Los Angeles motor shows. The new flagship at the top of the firm’s grand tourer line-up packs a 562bhp punch from a twin-turbocharged V8 engine mounted at the front, with drive transmitted to all four wheels via a sophisticated drive system that can shift torque to whichever wheels can best use it. Displaying true supercar pace, the Turbo S can catapult to 62mph in just 3.8 seconds on the way to a top speed of 192mph.

Caterham news at 2009 Tokyo motor show

Caterham surprised Tokyo with the announcement that it will build its first electric sports car. The battery bullet will be either a full electric car or a hybrid and it'll be campaigned in a one-make series in 2011. 'It'll either be a bought-in full electric power pack or we'll buy in an electric hybrid pack and attach it to an existing Caterham engine,' Caterham CEO Ansar Ali told CAR.