What’s the Volkswagen Group’s most profitable brand? Is it Bentley? Lamborghini?
Obviously it’s Porsche. I mean, how much could it possibly cost to make a water-cooled six-cylinder engine and a cheapo plastic interior? How much does an Outback 3.6R cost? Everything over that’s profit, for sure. But how much profit is there in every Porsche?
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Unlike the average Beltway insider, a report by Interest.com claims the majority of medium-income American households in 24 of 25 cities studied cannot afford the average new-car price of $32,086.
Volkswagen Group’s goal of selling 10 million units annually may come as soon as the end of 2014, with Porsche leading the way in operating profitability.
Following its global grand opening in India, Nissan’s low-cost Datsun brand will open its doors to the Russian market April 4 in Moscow.
Sometime in the future, Cadillac global marketing boss Uwe Ellinghaus believes Cadillac could enter the Australian market, being able to “easily flourish” under the proper conditions established on top of the goodwill the brand already has in the country.
Honda’s admirably quick refresh of the less-than-perfectly-admirable ninth-gen Civic has been extended to its most desirable variant.
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It’s not the flashiest or most handsome vehicle out there. In fact, it’s probably the only car on the market that makes the old Honda Element look good. But for the disabled, the VPG MV-1 is very attractive indeed, because it, alone in the industry, allows a wheelchair user to ride in the “front seat” next to the driver.
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In preparation to enter the Chinese market while battling state governments of direct sales, Tesla has hired Renault-Nissan communications director Simon Sproule to the role of vice president of communications and marketing for the EV automaker.
As fears of increasing auto loan delinquencies are giving some lenders pause, Capital One Auto Finance president of financial services Sanjiv Yajnik calls said increase a return to “norm,” with pent-up demand and greater competition will maintain availability of credit.
1.37 million owners in the United States affected by the ignition switch recall issued by General Motors last month will be offered $500 toward the purchase or lease of a new vehicle just as the National Highway Traffic Safety Administration cites a lack of sufficient data as the reason said recall wasn’t issued sooner.
Angered by the decision made by the National Labor Relations Board to allow anti-UAW Volkswagen workers to defend the results of an election held last month at the VW plant in Chattanooga, Tenn. on whether or not to be represented by the United Auto Workers, the union has vowed to appeal.
New spy photos of the 2015 Hyundai Sonata have emerged showing the upcoming sedan fully nude in its home plant in South Korea.
For the first time this year, BMW loses the best-selling premium brand crown to a rival as Audi squeaks past the Bavarians in the first two months of 2014 to take the title.
Things are going from bad to worse for General Motors amid the fallout related to the long-delayed recall of 1.6 million vehicles worldwide over a faulty ignition switch installed between 2003 and 2007, as both the U.S. Justice Department and a House panel plan to conduct separate investigations into the matter.
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