Porsche is investing heavily in research and development to stay ahead of the company's impressive sales growth. Automotive News reports the German automaker is spending more than 10 percent of its revenue on research and development. That figure comes from Wolfgang Hatz, Porsche's head of R&D (for comparison's sake, automakers spend between five and six percent).
Porsche would like to double its global sales to about 200,000 per year. That's an ambitious goal for a niche company, but Porsche intends to make things happen with the help of more money and manpower. AutoWeek reports that the German automaker plans to hire 1,000 employees by 2015. Half the workers will help build the company's forthcoming small crossover, which has been given the working name 'Cajun,' while the other half will be engineers needed to develop new vehicles. An additional 500 wor