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Aston Martin is thriving even when with the economic crisis ravaging Europe’s businesses. Aston Martin doesn’t want us to take its word for it though. The British luxury and sports car manufacturer has recently released the 12-month results for the year ending December 31, 2011. Aston Martin experienced a 7% increase to $817.3-million, its highest since 2008.
Before interest, taxes, depreciation and amortization (EBITDA) are accounted for, Aston has earned $112.8-million. Aston Martin said that has made a profit by having managed to sell 4200 vehicles in one year. All 77-examples of the One-77 supercar have been sold. Aston Martin’s CEO Dr. Ulrich Bez said that its 2011 results show the energy, passion and ongoing resilience of Aston Martin.
He also said that the company is “on track” about its expansion plans throughout the world, particularly in China. The company also plans to invest in new models. The Aston Martin brand is stronger than ever, proven by the high interest in the new V12 Zagato.Read the entire article Aston Martin One-77 is finally sold out
Asian consumers are eagerly awaiting the One-77, Aston Martin's ultimate production car, as it embarks on its first ever tour of the continent. The One-77 represents Aston Martin’s technical prowess as well as its ambitions and values. The tour is set to begin at the Cirque Du Soleil Theatre in Tokyo, Japan, and it will proceed to Singapore, Hong Kong, Taipei and China.
Aston Martin considers the Asia Pacific market to be extremely important and to have considerable growth potential. Recently, the British marquee has expanded its dealership network in the region to 14.
The latest openings were held in China and Taiwan but there are plans to put up more dealerships. Throughout the globe, Aston Martin has a network of 126 dealers in 39 countries.Read the entire article Aston Martin is ready to sell the last units of the One-77 supercar in Asia
A little less than a year ago, Richard Hammond was able to escape death during a hillclimb event that took place in Hemberg, Switzerlnad. Here, he flipped the Rimac Concept One, and it rolled over several times. Hammond was able to get out of the car before burst into flames, suffering some injuries. Today, the guy is is perfect shape.
It might have been a stressful couple of months for The Hamster and the guys from The Grand Tour. But in contrary, Croatian electric hypercar vehicle, Rimac, was able to sell three cars that exact same day, according to Kreso Coric, their head of sales. He added that it was actually the “best marketing ever”.
Despite saying that, Coric admitted that he was concerned about the aftermath of the horrible crash. He stated that he was scared because the accident was a pretty serious one, and that it could have ended in a different way, and that would affect more people, and their brand.Read the entire article Rimac sold 3 cars the day Richard Hammond flipped the Concept One
Working in the automotive industry can be such a great thing especially if you’re under the right company. We have heard of bonuses that brands like Audi, Daimler, and General Motors give, and they are pretty massive. This time, Porsche is giving away their fare share to their employees after a successful financial year in 2017. The automaker is giving away bonuses to around 23,000 workers.
The Porsche Executive Board and Group works council made an agreement to give a bonus of €8,600 plus the €700 that will be directed to company’s own pension scheme, or to individual ones. Aside from that, after 70 years of being in the industry, with their very first model, the 356 that dates back to 1948, the automaker will give employees an additional €356 to celebrate this model. Similar to last year, the automaker then gave their employees a yearly bonus of €9,111 to celebrate the 911.
To be fair to everyone, the company is not giving the same amount of bonus to every person in the company. The amount each person will be getting is based on their working hours as well as the amount of time they had been working in Porsche.Read the entire article Porsche gives out fat checks for annual bonuses after a successful 2017
To jump onto the next step of going greener, Porsche announced that they will be getting rid of the last few vehicles that have diesel-fueled engines in their lineup, so that they could focus on electrifying their vehicles. In fact, European countries will no longer offer the Panamera and Macan with the oil burning mills. The first Macan S Diesel and Panamera 4S Diesel initially came out nine years ago.
In an interview between Autocar and Porsche, the automaker cited a cultural shift as the reason for the decision. There was also a regulatory reason behind the choice as there has been a software update that has recently been involved in an “ongoing consultation with the authorities”.
This was decided after the automaker chose not to launch the new version of its Cayenne SUV with a diesel engine. In fact, the Cayenne was actually the very first Porsche to offer diesel power back in 2009.Read the entire article Porsche purges last diesel engines in lineup amid cultural shift to electrification
2017 was definitely a great year for Porsche as the automaker was able to break their sales record in the United States. Overall, they delivered a total of 55,420 vehicles, which stands for a 2.1 percent increase over the previous year.
Of course, you are probably wondering which model contributed the most to the total. And to answer your question, that would be the Macan. In fact, that nameplate alone sold 21,429 units, which is a huge improvement over 2016, which posted a total of 19,332 units delivered. Next in line is the Cayenne, which had 13,203 deliveries. The third most popular car would be the 911, which sold 6,731 units.
Just like the 911, 6,731 units of the Panamera premium sedan were sold as well. The Cayman and Boxster duo, on the other hand, reported 5,087 units in combined deliveries.Read the entire article Porsche surpasses US annual sales record in 2017 with 55,420 deliveries
Porsche Cars North America, Inc. (PCNA), revealed that in the U.S. market, a total of 3,913 units were sold in December 2017. These are for the model lines that include the 718 Boxster, 911, Cayenne, Cayman, Macan, and Panamera. With this, total U.S. vehicle sales of the Porsche for 2017 are 55,420 units. This is higher by 2.1% when compared to sales in 2016, at 54,280 units.
Meanwhile, sales of the Porsche Approved Certified Pre-Owned vehicles amounted to 2,153 units. This represents an increase of 24.6% compared to sales in December 2016. In terms of total annual sales, the figure stands at 19,104 deliveries, an increase of 12.5%.
For December 2017, the Porsche Macan represented almost 37% of the total sales with 1,444 units sold. This was followed by the Cayenne at 24% with 940 units and at third is the 911 at around 20% for 773 units sold. However, it is worth noting that compared to the previous year, the Cayenne was down around 20% with the 911 experiencing a slight increase at 9%.Read the entire article 2017 marks Porsche Macan’s best sales yet with 97,000 units sold, beats 911 by huge margin
As the year 2017 comes to an end, the race for luxury sales has also reached a remarkable finish. This has always been a highly contended segment in the United States with each automaker making various daring attempts to elbow each other out. Well, we’re here to report that it seems like Mercedes-Benz will be taking the crown home for the second year in a row.
Last month, Bloomberg reported that Mercedes-Benz has delivered a total number of 302,043 units in 2017. And that number is mostly comprised of their strong sellers including the C-Class, GLC, and the GLE. That’s not all, because the Mercedes-AMG alone was doing so well too. In fact, sales were up by 49.6% in 2017, adding up to a total of 30,116 units. There is also the entry-level 43 lineup that is a lot cheaper than the pure AMG models.
According to reports, Mercedes-Benz has been doing very well with their SUVs. This could be because their offerings have become more practical.Read the entire article Mercedes-Benz keeps crown as top luxury brand in the US in 2017
It has only been a few days since Oliver Schmidt, former Volkswagen executive, was handed a maximum possible sentence by US District Judge Sean Cox. He will have to spend seven years in prison and pay a fine of $400,000. And on December 8, Volkswagen has again been put on the spot. The German automaker urgently had to stop their sales of the T6 Multivan in Germany because it was discovered that the van emits way more nitrogen oxide than what is allowed by local emissions limits.
Der Spiegel magazine said that the findings have already been reported to the KBA, Germany’s motor transport authority. This had been quoted by Automotive News.
What happened is that Volkswagen set the “adjustment factor” too low when they submitted documents to the KBA to have the T6 Multivan’s sales approved, says the German publication. To defend their name, a Volkswagen spokesperson from the commercial vehicle division said that incorrect engine management software is ruled out as a possible reason for these uncertainties.Read the entire article VW T6 Multivan sales are halted in Germany due to high nitrogen oxide emissions
There’s no stopping the increasing popularity of electric vehicles across the globe. Nevertheless, a lot of people are still into internal combustion and do not want that to become extinct. However, if Porsche is right, the future of performance could possibly be more silent. Klaus Zellner, Porsche’s President and CEO of North America spoke to Green Car Reports in Los Angeles and he said that hybrid technologies have brought more new buyers to Porsche showrooms more than any other models they have sold.
In the same interview, he said that the automaker expects half of its global sales volume to come from plug-in hybrids by 2025. In fact, this figure seems a lot more than what people might expect. It is also more aggressive than estimates from Porsche’s cousins at Audi, where 25 percent of global sales are expected to be of the hybrid variety for 2025 as well.
But for this to actually happen, Porsche will have to develop and offer more plug-in hybrid models. As of today, it is just the Panamera and the Cayenne that have such technology. In the near future, the Mission E will be part of the lineup, but this will instead rely solely on the electric power to provide its punch. And for other hybrid offerings, Zellner did not further expound on this matter, though he did talk about the other requirement for stronger plug-in hybrid and electric sales, and this is the car’s ability to recharge.Read the entire article Plug-in hybrids will comprise half of Porsche sales by 2025, fast-charging system in the works
Automotive industry veteran Bob Lutz has once again spoken out against Tesla. Known as one of Tesla Motors’ greatest skeptics, Lutz had stated two years ago that the Silicon Valley carmaker is doomed. Now, Lutz is saying flat out that Tesla is going out of business and won’t even get to 2019 at this rate.
In an interview with the show “Power Lunch” at CNBC, Lutz cited a number of issues or reasons why Tesla would not be able to last long in the automotive industry. The electric carmaker has been facing these issues for quite some time, and some of these have been known to the public.
According to Lutz, Tesla is burning its cash fast, no thanks to fixed costs that are now out of control. In fact, Tesla is also spending around $1 billion a quarter, which is at par with what GM spends. However, there is a big difference in the number of vehicles and models that the two carmakers are selling. For instance, Tesla is effectively selling just three models while GM has dozens on its lineup. While GM is raking profits, Tesla posted $619 million in losses in the third quarter of 2017 while managing to build just 260 examples of the Model 3.Read the entire article Former GM vice chairman Bob Lutz says Tesla will go out of business by 2019
Demand for the Mercedes-AMG Project One hypercar is so high that people had been lining up to get a piece of this 1,000-hp-plus road machine even before Mercedes has commenced its production. Mercedes has placed the production cap at just 275 examples. In fact, the AMG Project One is practically sold out. Thus, those included in the shortlist of customers for the new AMG Project One could be considered as having a great amount of luck.
It turns out that one of those in the shortlist is trying to transform such luck into fortunes. Of course, with a price tag of around $2.7 million, the AMG Project One is reserved for the rich and affluent. Aside from taking into possession a one-of-a-kind hypercar laden with Formula One technologies, future owners would be getting their hands on one of the most exclusive and limited supercars in the market. This person in question doesn’t seem to like the prestige that comes with owning an example of the AMG Project One. But instead of just giving it away, he or she is selling his/her spot on the shortlist, as advertised on the German marketplace Mobile.de
It goes without saying that there would be people willing to take up this person’s offer. Getting into the shortlist of buyers for the new AMG Project One would be like hitting the jackpot. Even if this person is offering to sell his or her build slot for $5.22 million (€4.51 million) –– or nearly twice the price of an actual AMG Project One -- there would still be people who would ink a deal.Read the entire article Shortlisted customer for Mercedes-AMG Project One is selling build spot for $5.22 million
With three more months to go before the year ends, three premium auto companies are jousting their way up to see which of them could claim the crown as the best-selling luxury carmaker in the United States for 2017 – Mercedes-Benz, BMW and Lexus.
Mercedes-Benz managed to hold on to the US No. 1 spot after nine months of sales. From January to September, Mercedes delivered 242,250 luxury vehicles, excluding its vans and smart-branded models. This figure represents a 2.8-percent year-on-year drop in sales compared to the first nine months of 2016, when Mercedes delivered 249,204 premium units in the US.
Mercedes-Benz continued to lead the US luxury race even after posting dismal sales in September 2017. The carmaker suffered a sales decline in the month – by 1.7 percent – making it the only luxury brand that didn’t registered a surge in September 2017. Figure-wise, Mercedes delivered 29,008 units in September 2017 in the US, compared to 29,500 luxury vehicles sold in the same month in 2016.Read the entire article Mercedes-Benz stays on top of US luxury car sales in the first nine months of 2017
Social Capital CEO Chamath Palihapitiya has presumed the entire (BMW 3 Series) business will “go to zero” judging by the number of pre-orders made for Tesla Model 3. Appearing on CNBC’s Fast Money Half Time Report, Palihapitiya claims that orders for the 3 Series are already being hit significantly by Tesla’s more affordable EV, adding that people do not know anything about the level of demand surrounding the popular Tesla Model. Adam Jones of Morgan Stanley has opposed the claim, citing both political and international contexts to the businesses.
Palihapitiya is a former member of Facebook’s senior executive team and has just attended the 2017 Delivering Alpha conference in New York last September 12. Earlier this week, the investment analyst pointed out there is not one person in his right mind who would choose BMW 3 Series over Tesla.
Despite this, BMW i3 has received a makeover in the hopes of competing with Tesla’s long ranging, lower priced sedan. The revamped i3 will be featuring a host of optional driver assistance technologies including adaptive cruise control though we know it won’t make the range any better. Like before, the i3 can only run up to 160 kilometers per charge plus it comes with an extended range of about 290 km. In contrast, the Tesla Model 3 boasts a range that goes somewhere between 350km and 500km.Read the entire article Investment analyst foresees Tesla Model 3 market domination over BMW 3 Series
The Porsche Panamera sporty sedan offers a dynamic drive and comfortable ride, with the capability to accommodate up to four occupants. While the Porsche Panamera is a healthy proposition for North American drivers who wanted a performance-laden sedan, it does discourage potential customers looking for a sedan that could to ferry up to five occupants at a time.
Now Porsche is looking forward to win back those customers in the United States. Klaus Zellmer, chief executive of Porsche Cars North America, told Automotive News at the Frankfurt Motor Show that the German sports car maker is making available an optional rear bench. With this option, the Porsche Panamera sedan could accommodate five occupants, instead of the usual four. However, the bench option would be made available next year, so for now, Panamera sedan customers would have to settle for the four-seater.
As designed, the Porsche Panamera sedan carries two occupants on the front (driver and front passenger) and another two on the rear cabin (individually seated rear passengers). The individual seats on the front are separated by a center console, and so are the individual seats on the rear. This basically rules out the existence of a fifth passenger in the Panamera sedan.Read the entire article Porsche confirms Panamera sedan would soon feature rear bench seat for fifth passenger
With all the hype surrounding the Dodge Challenger SRT Demon, it seems that it will be one of the most successful vehicles from the automaker even before it hits the production line.
Dodge never doubted that people would be lining up to purchase the 840 horsepower (626 kilowatt) muscle car. But now, the automaker is pleased to reveal that the Challenger SRT Demon is getting so much attention that its capability to attract customers has trickled down to the other mainstream versions of the Challenger.
FCA's North American passenger car brands said to The Detroit News that the first ever Demon has not been built yet, but the public has been talking about the car since January this year. Moreover, all this hype has pushed sales of the Challenger up and through the roof, and that the automaker has broken sales records this year, said Tim Kuniskis.Read the entire article 2018 Dodge Challenger SRT Demon breaks records, also boosts sales of other Challenger models
It was in February when Ford revealed the new Fiesta ST, just before it made its official debut at the 2017 Geneva Motor Show in March. But it is not until next year that the model goes on sale in both three- and five-door variants. Today, the entry level Ford Fiesta, and the sporty ST Line trim can already be purchased in Europe. But in the United States, they will have to be content with the old Fiesta for now as the 2018 model year is set to arrive with only minor changes.
Most importantly, what people should know is that the US-spec Fiesta will retire and that the seventh generation model will not hit the stateside. This news was recently shared to us by the European Director of Ford Performance, Leo Roeks, when he was interviewed at the 2017 Frankfurt Motor Show. The automaker says that there is a low demand for this class in the United States, which led them to make the decision to eventually get rid of the Fiesta in the market. If sales are low, having large inventories would be a big problem.
In other news, Volkswagen bosses made a decision of not bringing the new Polo to the United States, including the much sexier Polo GTI. Another sad news for US customers is that Toyota will also be discontinuing the supercharged Yaris GRMN as well. In fact, the new Yaris will actually be very limited, even in Europe, where only 400 examples will be sold around the continent.Read the entire article New Ford Fiesta ST will not be available in the United States
For those who are into pickup trucks, there’s good news as the new Renault Alaskan can now be yours as they expand to more countries in Europe. It had entered the South American market last year followed by its Colombian debut. The French automaker developed this model as an alternative to the Nissan Navara and the Mercedes-Benz X-Class, and it will be offering the one-ton pickup in Europe.
Under the hood of the Alaskan pickup is a 2.3-liter dCi diesel engine. Customers could either go for the base model with 160 horsepower (119 kilowatts) or the 190 horsepower (141 kilowatts) option. Both engines can be paired with either a six-speed manual or a seven-speed automatic. It has a towing capacity of 2,205 pounds (1,000 kilograms) and can haul up to 1,630 pounds (739 kilograms). The pickup is available in three driving modes including a two-wheel drive, a 4LO, or a 4H full AWD.
The functionality and performance of the Renault Alaskan are at par with competitors like the Ford Ranges and the Toyota Hilux, which are both currently out in the European market. Believe it or not, this truck can hit the 0 to 60 mile-per-hour (96 kilometers per hour) speed in only 12 seconds, before it reaches its top speed of 100 miles per hour (160 kilometers per hour).Read the entire article Renault Alaskan enters the European market
Emissions, emissions, emissions. We have been hearing a lot about this issue lately, and we know that automakers dread it too, as it is the worst thing that could happen right now for their business.
This time, the victim of emissions would be Mercedes-Benz and now they have to halt the production of their E350d in Germany. This is because they have to implement some changes to the 3.0 liter V6 turbodiesel so it produces less NOx emissions. The company's plan is too fit in a selective catalytic reduction system with more surface area, maximizing the company's AdBlue after-treatment fluid, but Mercedes will still inject the same amount of AdBlue in the system.
Autocar said that it will take a few weeks for Mercedes to do the engine tweaks. Currently, the 3.0 liter V6 produces 258 horsepower (192 kilowatts) and 457 pound feet (620 Newton metres) of torque. The company makes it clear that the only affected engines are the ones on sale in the market since May.Read the entire article Emission issues now affecting Mercedes-Benz E350d models, sales stopped in Germany
We are already past the first six months of the year, and now is the time when automakers evaluate their performance within this period. Speaking of numbers, Daimler and Volkswagen are some of the largest automakers out there, being part of the top 15 worldwide rankings in 2015, where Toyota is ranked first, and VW is just behind it. But here is the thing, Daimler and VW are not at par with the levels of revenue being experienced by BMW so far this year.
Ernst & Young have been studying the numbers for the German publication Manager Magazine, and they found that BMW earned as much as €49.25 billion ($51.5 billion) in the first half of this year alone, that is equal to a profit of €5.58 billion ($6.68 billion) with a profit margin of 11.3 percent. Looking at many other figures from other automakers, no one is close to what BMW has earned in the past six months.
The analysts also compared which company came closest to BMW, and surprisingly, it was Suzuki with a profit margin of 10.3 percent. Next in line is Daimler with a 9.7 percent profit margin. In fourth and fifth place are GM and VW, respectively. If VW hasn’t been involved in the Dieselgate scandal, VW would probably still rank the highest, as seen in the past.Read the entire article BMW is the most profitable automaker in 1st half of 2017
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