Porsche will offer the more affordable Taycan at 83,520 euros in Germany. It will arrive in European showrooms by mid-March.

Deep-pocketed customers helped insulate the U.S. luxury market from the brunt of the pandemic in 2020, as premium deliveries fell 11 percent compared with a 14 percent slide for the overall industry. Hybrids helped Lexus surpass Mercedes and finish No. 2 for the year.

The emphasis on the Maybach S-Class is on rear-seat comfort. The sedan is aimed at well-heeled buyers who look to longer wheelbase models for their chauffeured needs.

Luc Donckerwolke, who overhauled styling at Hyundai, Kia and Genesis, is returning to the automaker in a newly created position -- chief creative officer.

The U.S.-built Mercedes-Maybach GLS is the most expensive passenger vehicle built in America.

The EQC compact crossover was due to launch Mercedes' EQ subbrand in the U.S. this year, but was delayed to 2021. Now the EQS, an EV version of the S-Class, will be the debut model.

Dimitris Psillakis replaces Nicholas Speeks who went on a leave of absence in August. Psillakis, 53, a Daimler veteran, took over the Canada operations just last month.

The second-generation 4-Series convertible switches from a hardtop to a softtop and features a bigger footprint, with more power, performance and safety equipment.

Kjell Gruner will take over as CEO of Porsche Cars North America effective Nov. 1. He replaces Klaus Zellmer, who is being elevated to chief sales officer at Volkswagen brand.

The Porsche Cars North America CEO is expected to replace Jürgen Stackmann in Wolfsburg, a German business magazine said, citing unnamed sources.

BMW is re-scaling operations and is expected to eliminate about 125 corporate staff positions around the country, according to a source familiar with the plans, though the cuts will not affect the automaker's SUV plant in South Carolina.

The Panamera 4S E-Hybrid pairs an electric motor with a 2.9-liter twin-turbo V-6 engine to deliver 552 hp and 553 pound-feet of torque.

The new program starts at $1,500 per month for the Porsche Macan crossover and tops out at $2,600 for the Porsche 911 Carrera.

Globally, every new model will have an electric motor as part of the Swedish automaker's plan to make all-electric cars account for half of its global sales by 2025 — with the rest being hybrids.

The brand is known for its iconic small cars, but it is now adding roomier crossovers to its lineup — a nod to shifting consumer tastes in the U.S.