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Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the deliveries in 2015. And as we all know, each 911 sold gives them a net profit of $17,250, making it the company’s cash cow.
Porsche decided to share the success with their hardworking employees. The company will be rewarding around 21,000 employees with a really fat paycheck this time. Now, the amount isn’t random. In case you were wondering, Porsche decided to make this incentive match the figure on its iconic 911 model.
But no, they aren’t just offering €911, instead, each employee gets €9,111 (or $9,830), not a trivial amount at all. Wow, it must be pretty awesome to work in a company that is so generous. The employees won’t get the sum in one instance. The bonus will be divided into two components. A contribution of €700 ($755) will go to the Porsche VarioRente pension scheme or to individual pension schemes, while the bigger amount at exactly €8,411 ($9,075) will go directly into their bank accounts. That’s still a pretty good deal I say, particularly since it adds to the employees’ vital retirement fund.Read the entire article Porsche employees get record-high €9,111 bonus after very successful year
Have you ever wondered how much luxury car companies profit from every vehicle they sell? And which companies profit more? Well, in 2016, Porsche sold over 238,000 vehicles. That is quite a huge number considering their cars are very pricey, but it doesn’t end there.
That number then translates to a total operating profit of €3.9 billion ($4.1 billion), which according to Bloomberg, is a fourteen percent increase since 2015, and a net profit of $17,250 per unit, with a nine percent increase as well. In other words, for every Porsche 911 sold, the profit amounts to the value of a new car by another brand.
Other companies such as Daimler AG and BMW, which both have roughly the same margins, have a net profit of about $5,000 per vehicle in 2016. But none of the above (Daimler, BMW, or Porsche) can compare with the amount this other company is earning.Read the entire article Porsche’s net profit on each vehicle went up 9% in 2016 to $17,250 but Ferrari earns almost $90,000
If the outspoken chairman and chief executive of Italian sports maker Ferrari, Sergio Marchionne, is to be believed, some of its customers only became Lamborghini’s clients because they couldn’t get their own Maranello-built car.
Speaking before a media forum at the 2017 Geneva Motor Show, Marchionne made those remarks while answering a number of questions, as thrown to him by the press. He noted during the media forum that the waiting list of some of Ferrari’s car is long, and many failed to make the cut.
Marchionne said that while he has lot of respect for Lamborghini CEO Stefano Domenicali – who once served as principle for Ferrari’s F1 team – he believes those who missed to make the cut for Ferrari cars and were turned away ended up buying Lamborghini vehicles. We wonder how Domenicali would respond to Lamborghini connoted as a second choice to Ferrari cars.Read the entire article Ferrari CEO Sergio Marchionne says clients who missed the order list became Lamborghini customers
After Volkswagen snagged Toyota’s crown as the world’s best-selling automaker, there’s no stopping the Japanese manufacturer from dominating the hybrid arena. As of January 31st , Toyota’s increasing global unit sales has already reached the 10 million mark. That's right folks: Toyota managed to sell 10 million hybrid cars around the world!
The historic numbers began in December 1997 after Toyota launched the Prius, the world’s first hybrid mass produced passenger car. Now after twenty years and also on its 4th generation entry, the new Prius happens to be the first to be using the brand’s TNGA (or the Toyota New Global Architecture).
Needless to say, the new global vehicle platform has been very significant to Toyota’s latest achievement. Towards the end of April in 2016, the company has sold over 9 million hybrids before eventually reaching the 10 million milestone in less than a year.Read the entire article Toyota reached the 10-million-unit mark on hybrids
Things are looking good at Rolls-Royce Motor Cars as the British luxury carmaker impressed by posting a six-percent jump in deliveries in 2016. Rolls-Royce’s 2016 deliveries of 4,011 units in the full year 2016 was the carmaker’s second highest annual sales ever, showing that the luxury marque is still one of the most sought in over 50 countries around the world.
The carmaker posted record sales in single markets like Japan (plus 51 percent), Germany (plus 30 percent) and the United Kingdom (plus 26 percent). Rolls-Royce also surpassed previous sales high in China (plus 23 percent) and the United States (plus 10 percent). Rolls-Royce also logged record sales in several global markets. It managed to grow its deliveries in 2016 in the Americas by 12 percent, Europe by 28 percent, and Asia Pacific by five percent.
However, the British luxury carmaker failed to make significant advances in the Middle East, no thanks to economic and political uncertainty in the region that lowered demand for all luxury goods. Nonetheless, the Middle East was Rolls-Royce’s third largest market in 2016. Moreover, Rolls-Royce Motor Cars Dubai managed to deliver the most number of luxury vehicles in the year.Read the entire article Rolls-Royce logs 6% surge in deliveries in 2016 to record-breaking 4,011 vehicles
As far as Automobili Lamborghini S.p.A. is concerned, 2016 was a very fruitful year. This is all due to the fact that the luxury sports carmaker has delivered the most cars in 2016 than any year in its entire history. Not only that, this sales milestone should allow Lamborghini to ride the momentum in 2017.
According to Lamborghini’s annual sales report, it was able to deliver 3,457 vehicles around the world in 2016, around 6.5 percent more (plus 212 vehicles) than the number of units that the company delivered in 2015 (3,245). This marks the first time that Lamborghini was able to breach 3,400 deliveries in any given year, as the company made full use of its 135 dealers spread in 50 countries worldwide. In addition, 2016 marks the sixth year in a row that the carmaker was able to post a surge in deliveries.
The United States remains as the carmaker’s largest single market, with 1,041 delivered in the country in 2016. Japan was the second largest market for the carmaker, followed by the United Kingdom, Germany, Canada, the Middle East and China.Read the entire article Lamborghini hits record worldwide sales in 2016 with the Huracan leading the pack
We are now several days into 2017, and with 2016 just ended, figures for total vehicle sales are now out. Now, one question remains. Who’s the king of sales among all vehicles in the United States in 2016?
No, it’s not the Toyota Camry. While the Camry remains as the best-selling car in the US despite suffering a 9.5-percent drop in annual sales, it doesn’t dominate the overall US vehicle sales. In fact, sales of the Camry are not even half of the overall volume for the Ford F-Series in 2016.
Yes, the Ford F-Series is still selling the most vehicles in the US – something it has been doing for 35 years in a row. In addition, the Ford F-Series is the #1 truck in terms of sales in the US for a consecutive 40 years. For the record, the sales figures for the Ford F-Series include the F-150 family (like the F-150 Raptor) and the F-Series Super Duty family (including the F-250, F-350 and F-450). However, Ford’s F-650 and the F-750 aren’t counted because they are considered heavy trucks.Read the entire article Ford F Series successfully defends crown as best-selling vehicle in the US in 2016
Investors don’t seem to mind that Tesla Motors failed to achieve its delivery targets for the full year 2016. It seems that their optimism for Tesla’s growth is still very high despite the failed target achievement, simply because deliveries in 2016 are still much higher than the figure a year ago.
In press release published on January 3, 2017, Tesla said it produced a total of 83,922 vehicles in the full year 2016, or around 64-percent more than the California-based carmaker manufactured in 2015. Of these, 76,230 vehicles have been delivered to its new owners, which means that these units were promptly delivered to customers with no issue on paperwork.
Tesla doesn’t count ordered vehicles as delivered units. This delivery figure is short of the delivery prediction made in February 2016, when Tesla said that it aimed to deliver between 80,000 and 90,000 vehicles for the full year 2016. Tesla had adjusted this predicted figure to 79,000 units, but still failed to achieve the adjusted delivery target.Read the entire article Investors still hopeful for Tesla despite the failed target achievement in 2016
If you live somewhere in Missouri and you’re looking forward to buy a new Tesla Model S, chances are you might not be able to purchase one within the state soon.
No, Tesla is not shutting down and is very much operational in the United States. The California-based carmaker still has the full ability to manufacture, as well as market and sell its electric vehicles. However, it couldn’t sell its vehicles in any place within Missouri, simply because the state and the court have said so.
Actually, Tesla had a license to sell new vehicles in the state. However, such license has to be renewed yearly, and the latest one was only good until 2016. An application to renew the license for 2017 had been rejected, thus leaving Tesla no legal permit to sell new vehicles in Missouri. So simply and generally, Tesla is not anymore allowed to sell its new vehicles in the state.Read the entire article Tesla sales in Missouri hit brakes in 2017 as state refuses to renew dealer licenses
When Ferrari commenced sales of the Ferrari LaFerrari three years ago, it gave the limited production hybrid supercar a starting price of over $1.4 million. Even today, this price tag is already considered very high. The Italian carmaker only produced 499 examples of LaFerrari, and that is one reason why this supercar has become a highly expensive collector’s item as it changes hands.
How about selling a LaFerrari at a price tag of EUR10 million ($10.74 million)? Well, a group called Garage Pereira Guillaume S.A. is selling a red Ferrari LaFerrari at the online automotive marketplace Mobile.de at the same exact price. According to the listing, this Ferrari LaFerrari was registered in March 2014 and so far has 1,700 kilometers (1,056 miles). Pictures say that this LaFerrari is in good condition. But at EUR10 million, this price of a LaFerrari could be considered insane. That is more than seven times pricier than the original tag of a new LaFerrari three years ago.
But this is not the first time that a non-brand new LaFerrari was sold more than its original price. Last year, a hefty buyer in Florida bought a LaFerrari from the Naples Motorsport dealership for $5 million or more than 3.5 times its original price. However, compared to the LaFerrari being sold at Mobile.de, this example has only been driven 202 miles! This means that Garage Pereira Guillaume’s LaFerrari has traveled over five times the distance than that of Naples Motorsport’s.Read the entire article A red Ferrari LaFerrari is being sold for an astonishing EUR10 million
When Volkswagen unveiled the VW Atlas, it declared that this SUV is being developed for the United States and is set to arrive as a 2018 model. It also unveiled its Chinese version – the VW Teramont. Essentially, VW developed the Atlas to further penetrate the auto markets in the US and China. But now, it seems VW is seriously considering selling the new SUV in some markets in Europe.
To note, the German carmaker has already disclosed it would sell the Atlas – powered by a diesel engine -- in Russia, confident that this SUV would be popular in the country. However, selling the Atlas in other parts of Europe is another thing. Before doing so, VW has to carefully study first if bringing the Atlas to European markets is worth it. Elmar-Marius Licharz, the chief for full-size product lines at VW, told Autocar that the smaller Touareg SUV might be a better product offering for most of the markets in Europe because of its size.
Underpinned by VW’s Modular Transverse Matrix architecture, or MQB, the 2018 VW Atlas employs the brand’s current design language. It measures 198.3 inches in length, 77.9 inches in width and 69.6 inches in height – making it much larger (plus 121 mm longer, 38 mm wider and 35 mm taller) than the Touareg. In fact, the 2018 VW Atlas is the largest SUV from the company to be built in the US. However, Licharz noted that the new Atlas might be too big to be parked in many European garages. Because of its large size, there is a need to determine first if there would be any demand for the Touareg in certain markets in Europe.Read the entire article VW may bring seven-seater Atlas SUV to Europe
The car brand has stopped taking orders only a couple of months ago since they needed time to determine the exact number of units that they have to build. Apparently, they ran short of headlamps and had no idea then if they can still accommodate all the orders. In fact, it was earlier reported that they also ran out of “aero wings” around September and that also prompted them to postpone further bookings for the ACR variant.
There are no details regarding the total number of Vipers to be assembled. But a big chunk of the final batch was already bought by a dealership based in North Carolina. Gerry Wood Dodge from Salisbury has come up with its own 2017 limited edition models. The ACR as we know is the most popular of the entire Viper’s line-up. No doubt, Gerry Wood Dodge’s special edition ACRs was allegedly sold out in less than an hour.
In a recent interview with the Detroit News, Fiat Chrysler’s head for passenger car brands Tim Kuniskis described how the “demand for ACR” was unexpected. Since they knew more or less how many they could build, he thinks that they are almost ready to take new orders.Read the entire article Hear ye, this is your last chance to own a Dodge Viper!
When Porsche unveiled the Mission E Concept at the 2015 Frankfurt Motor Show, many have been left excited by the prospect of seeing and driving the carmaker’s first all-electric sports car. But, would sports car buyers still be excited to get a piece of the production version of the Mission E when it finally arrives in 2019?
It seems Porsche chief executive Oliver Blume is confident that the Mission E would attract a good number of buyers. As for the figure, Blume told Automobilwoche that he expects a huge demand for Porsche’s first all-electric pegged at a “calculated” number of 20,000 examples.
That would mean that the Mission E would be nearly as popular and nearly as sensational as Porsche’s best-seller – the 911. In 2015, Porsche delivers over 31,000 units of the 911 around the world, over 8,000 examples of which were turned over to their new owners in the United States. Delivering 20,000 units of the Mission E worldwide would be an ambitious objective for Porsche, at least for now.Read the entire article Porsche expects Mission E to be a top-seller, 718 Boxster electric could be possible
Having a Ferrari in your garage is something you can be proud of. This is much expected as driving a Ferrari gives a new meaning to the word “exclusive.” This is typified by the fact that each Ferrari costs a lot of money and only a handful are willing shell out cash in mid-six digits. Although crafting a Ferrari car requires time, it doesn’t however take too long before customers receive their units.
Lately, however, Ferrari has been receiving a deluge of orders for its vehicles and has been hardly keeping up with production. This was disclosed by Herbert Appleroth, chief executive of Ferrari Australasia during the Australian launch of the turbocharged V8-powered GTC4 Lusso T. Appleroth admitted that no thanks to high demand for the Ferrari GTC4 Lusso T, Ferrari needs at least year before it could deliver the units to customers in some areas in Australia. This means that if an Australian customer now places an order for the Ferrari GTC4 Lusso T, the wait would probably end only in 2018 or even later.
Matters are worse for practically all other vehicles in Ferrari’s stable – placing an order now would mean a lag time of nearly two years. This means that a customer who placed an order for the Ferrari 488 GTB, Spider, or California T would need to wait until late 2018 before he or she could take delivery of the unit.Read the entire article Surprising high demand prompts Ferrari schedule deliveries to start in 2018 at the earliest
Mercedes-Benz has revealed that despite being a full two years from being officially launched, the Mercedes-AMG hypercar is on the verge of being sold out.
This particular model is equipped with the same powertrain that is inside the brand’s very own Formula 1 model. This includes, of course, the turbocharged 1.6-liter V6 engine. Mercedes, through Chairman Tobias Moers, gave the confirmation that the brand will be modifying the combustion engine so that it can be idle at lower revolutions but will remain to have pistons that can spin for at least 10,000 rpm.
Moers, in an interview with Autonews, said that with only around 200 to 300 units to be manufactured, the list of interested buyers is beginning to reach that number. If anything, he added, the Mercedes-AMG hypercar is truly an amazing vehicle as there is nothing like this on the market. Moers continued that this excellent hypercar is the best example of the heights engineering can reach as it has the capabilities and competencies of the AMG combined with what may be one of the world’s most efficient powertrains.Read the entire article F1-powered Mercedes-AMG hybrid hypercar has almost sold out
There may be bad news for Mercedes-Benz drivers in the United States who love its diesel offerings and have been waiting for the latest iteration of their favorite diesel models to arrive in the country. Well, it is just that Mercedes is now mulling to stop selling the diesel versions of its premium luxury lineup in the US, no thanks to declining demand for its offerings and to the stricter implementation of emissions regulations and rules in the country.
This comes after Mercedes dropped plans to offer the diesel-powered Mercedes C300d 4Matic to the United States. Mercedes C300d 4Matic was supposed to commence sales of the Mercedes-Benz C300d 4Matic in the US months ago and had postponed those plans. Supposed to be the US version equivalent of the C250d 4Matic that is being sold in Europe, the US-spec C300d 4Matic was previewed June 2015 with a near-production prototype at the Pikes Peak, where it posted a new record for a series production car with a course time of 11.37 minutes.
Mercedes said at the time that the drive C300d could return 42 mpg on the highway and could be the first diesel model that would undercut the American ULEV 70 emissions limits. The C300d 4Matic was powered by a turbodiesel four-cylinder, 2.1-liter engine delivering 201 hp (150 kW) of output from 3,800 rpm and 369 pound-feet (500 Nm) of torque available at 1,600 rpm.Read the entire article Mercedes-Benz may stop sales of diesel-powered vehicles in the US
Sustainable mobility has been the battle-cry of the BMW Group since it launched BMW i three years ago in November 2013. Since then, the BMW Group has been relentless in delivering electrified vehicles on the road, including purely electric-powered cars and plug-in hybrids. In fact, as the German carmaker has disclosed, it has already delivered around 100,000 of these non-conventional vehicles to customers around the globe.
These deliveries are a testament to BMW Group’s role as a pioneer of innovation and technology. Since its establishment, BMW i has been the center of BMW Group’s efforts to offer sustainable vehicles – including purely electric-powered cars and plug-in hybrids -- to global customers. For the past three years, more than 60,000 units of the BMW i3 have been sold to discerning buyers, earning this car the recognition as the most successful EV in the premium compact segment. BMW commenced sales of the BMW i8 in mid-2014.
Since then, BMW Group has sold over 10,000 units of the BMW i8, making this offering the best-selling electrified sports cars. In addition, BMW Group has delivered around 30,000 plug-in hybrid vehicles – now sold under the BMW iPerformance label – so far. Thus, in total, BMW Group has effectively sold around 100,000 electrified offerings worldwide.Read the entire article BMW celebrates milestone of 100,000 EVs sold, confirms arrival of X3 EV
Soon, Fiat Chrysler’s Dodge brand will be ending the production of the Dodge Viper. So practically, the 2017 Dodge Viper will be the last Viper up for grabs.
Gerry Wood Dodge, a dealership in Salisbury, North Carolina, is taking advantage of the situation to ensure that those interested in acquiring these American supercars have their own. But, they better hurry, as Gerry Wood Dodge ordered only 135 to 140 units of the remaining 2017 Dodge Viper. So, if you want one, call or visit this dealership as soon as you can.
Boasting of being purely American-made, the 2017 Dodge Viper hand-built supercar is powered by a high-output naturally aspirated engine mated to a manual transmission.Read the entire article North Carolina dealership wants to get 140 of remaining 2017 Dodge Vipers
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a Saudi prince who also owns the one-off Bugatti Vision Gran Turismo Concept Car (which was unveiled last year).
It has not been confirmed whether that particular Chiron was a finished product or if it is still on its development phase but one thing is for sure – it has caused an uproar amongst enthusiasts, many of which are more than excited to take a look at the finished product and the power that this car brings. Not only that, this particular Chiron is only one out of the 500 units that will be produced which is why it is causing such a stir for the automotive community and for the internet as a whole. But things could go into a whole new direction now that the French automaker announced that it has already sold 200 Chirons which might as well be good news – which also means that we get to see more of these babies in action.
Things will also pretty much be in the advantage for American Chiron fans because Bugatti is expecting that around 30% of the car’s production run (or 150 units) will be sold to U.S.-based customers. Moreover, it is also expected that 10 out of the 150 units will find its home around sunny California particularly at the San Francisco Bay Area. Why are we so confident to say this? Well, a local high-end car dealer in San Francisco was able to order 10 Chirons and eight have already been sold.Read the entire article Bugatti’s 500-unit Chiron production run quickly sells, Bay Area fans can’t get enough of it
In the recent months following Tesla’s announcement of its newest EV, the Model 3, the automaker has received hundreds of thousands of reservations. For only $1,000, customers are able to secure for themselves one unit of Tesla’s most affordable car. The Model 3 can cruise 215 miles in a single charge and can sprint from 0 to 60 mph in less than 6 seconds. It has by far achieved high ratings in every safety category and it is also equipped with an autopilot option. The Model 3 is due for production and will be delivered to its owners by 2017.
What makes the Model 3 the best choice for those who are looking for a more environment friendly alternative is that it doesn’t cost as much as the other Tesla EV models. The Model 3 is the most affordable choice among Tesla’s hoard of EVs at only $35,000 compared to the other models which cost almost twice its base price. Apparently, the Model 3 is just the way to go for those who want the best but at a reasonable price.
But it seems like Tesla’s decided on making a new offer just before the Model 3 hits production (and distribution). It’s quite confusing for some of us but there are reports that Tesla is currently convincing Model 3 reservation holders to change their minds and consider the Model S base model instead. Wait, what?Read the entire article Tesla attempts to convince prospective Model 3 buyers to switch to Model S instead
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