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Sergio Marchionne warns of strife ahead in Europe

Fiat chief exec Sergio Marchionne today warned of troubled waters ahead as Europe's car makers prepare for a radical restructuring. Marchionne, who's the current president of trade body ACEA, said factory closures were looming and repeated his call for a concerted EU-wide response to overcapacity. He warned that national interest was blocking action to strip out excess capacity, caused after European new car demand crashed by 3 million in the past five years.

Ariel Atom 500 V8 (2008): more details and photos

By Tim Pollard First Official Pictures 28 May 2009 10:34 British sports car specialist Ariel is beavering away on its latest adrenaline hit: a V8 version of its Atom. As if the regular Atom wasn’t barking enough, the new Atom 500 features a new 3.0-litre V8 producing 500bhp (hence the name), which propels it deep into ‘fastest car in the world‘ territory. Ariel has shown one exterior image of the Atom 500 already (pictured), but today is the first glimpse of the new V8 engine.

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.