German Luxury Carmakers Press on Despite Slump

While most automakers are thinking about gas mileage and sticker price, Porsche, Rolls-Royce, and Daimler are expanding their luxury fleets

The economic downturn seems to be little more than a speed bump for the world's super-luxury automakers. The latest evidence is Porsche's Panamera, which the Stuttgart company unveiled at the Shanghai auto show on Apr. 20. Selling for a bit over $100,000 in Germany before taxes, and boasting a V8 engine capable of up to 500 horsepower, Porsche's first four-door sedan seems almost an act of defiance in a time of environmental consciousness and less-conspicuous consumption.

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