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National Electric Vehicle Sweden has commenced the series production of the Saab 9-3 mid-sized sedan at its Trollhattan site in Sweden, with sales to be ''initially focused'' in China. In a statement, NEVS said that production of the Saab 9-3 Aero sedan featuring a 2.0-liter turbo gasoline engine will be ''very modest'' with output initially placed at around 10 cars a week.
NEVS said that a small number of units will be sold directly to Swedish customers through its Web site starting next week. The 9-3 Aero, which looks similar to the last production 9-3 produced at Trollhattan in 2011, will have a starting price of SEK279,000 ($42,600).
Mattias Bergman, NEVS president, said in the statement that to begin a car production process that had been stagnant for two-and-a-half years is “a complex mission.”Read the entire article Sales of the Saab 9-3 will be initially focused on China
Despite selling only 31,696 Saab vehicles worldwide in 2010, Saab Chairman Victor Muller expressed confidence for the Swedish automaker's future. In the 2010 fourth quarter, Saab sold 11,448 cars, up 129 percent compared with the same period in 2009 and up 31 percent quarter-on-quarter.
In October 2010, Spyker Cars N.V., which owns Saab, reduced Saab's 2010 sales target to 30,000-35,000 units, from 45,000 previously, because it had planned to reconstruct the brand's supplier base.
Muller, whose Spyker Cars luxury sports car maker bought Saab from General Motors Co. in February 2010, said a significant jump in Saab sales in the fourth quarter shows that Saab "is firmly establishing itself as an independent car manufacturer."Read the entire article Saab remains confident despite poor sales showed by the brand in 2010
Saab’s chairman Victor Muller has set a goal for US buyers to account for half of the sales of its new 9-4X crossover. He added that starting 2012, the company targets global sales of 15,000 to 20,000 vehicles each year. Muller described this model to be a “very important car” as it is the extender of its product portfolio.
He said that what this means is that the company is capable of capturing and keeping clients in its brand “much more easily than ever before.”
Muller revealed that the 9-4X, Saab's biggest model, will go up against Audi's Q5 and Q7 and BMW's X3 and X5. Boasting the features of a car and a sport-utility vehicle, the crossover serves to expand Saab's product line that already had the 8-year-old 9-3 car.Read the entire article Saab wants half of the sales of its new 2011 9-4X crossover to be in U.S.
Saab's sales boss, Adrian Hallmark, announced that we will quit the Swedish automaker and become Jaguar's global brand director. Hallmark will take up the post starting December 1 and will have global responsibility for the Jaguar brand.
For those who don’t know, Adrian Hallmark is a former executive vice president of Volkswagen of America, and he joined Saab in March, two months after Spyker bought the Swedish brand from General Motors.
Jaguar decided to hire Hallmark, after Jaguar Managing Director Mike O'Driscoll, 54, announced that will retire from day-to-day operations. Furthermore, Land Rover Managing Director Phil Popham will take the role of Jaguar Land Rover's director of global sales and service operations.Read the entire article Saab sales boss Adrian Hallmark will become Jaguar’s global brand director
There will soon be live feeds for Saab buyers to be able to watch their cars being built online. Now that Saab isn’t owned by General Motors, it aims to put more focus on the customer experience.
Starting next year, Saab will be installing cameras on the production line. To begin with, buyers will receive a text message and image, displaying significant parts of the production process, including the coming together of drivetrain and body.
Saab’s global product manager Christopher McKinnon said the customers could then collect their cars from the company's Trollhattan factory in Sweden next year.Read the entire article Saab buyers will watch their cars being built online, report says
In an attempt to improve its sales, Saab Automobile aims to start selling its cars in China, Russia, Brazil and Mexico in the first half of next year. These words came from Saab’s sales chief, who also added that the manufacturer is currently in negotiations with potential distribution partners in the four countries.
Saab was present on these markets, but after GM sold it to Spyker it also halted its imports of the Swedish brand into China and Russia during the economic crisis.
“In the next two years the new markets will not materially change our performance volume-wise, but in the next five years I believe they will fundamentally change our performance,” said Saab’s sales chief Adrian Hallmark.Read the entire article Saab aims to start selling cars in China, Russia, Brazil and Mexico in 2011
Adrian Hallmark, a former Volkswagen executive, takes on the role as Saab's executive director of sales immediately after it was announced. Hallmark is responsible for aiding Saab to recover from its near collapse earlier this year. He will report directly to Saab CEO Jan Ake Jonsson and he will be working from Saab's headquarters in Trollhattan, Sweden.
In a statement, Jonsson said that in the next 16 months, three new products will be launched -- the 9-5 sedan, the 9-4X and the 9-5 SportCombi.
Jonsson described Adrian's contribution to be vital in optimizing the sales of these new products. General Motors Co. had been poised to shut down Saab this year but instead, it agreed to sell it to Dutch supercar maker Spyker Cars NV. Meantime, Saab's 2009 sales dropped 58% to 39,903.Read the entire article Former Vw executive Adrian Hallmark to lead Saab’s global sales
If you’re planning to buy a new Porsche unit powered by a diesel engine, better do it as soon as possible. This is because the German sports car maker has decided it has nothing to do with diesel engines anymore, no thanks to ever decreasing demand for such mills. Yes, Porsche won't be offering diesel-powered vehicles anymore.
Seemingly, gone were the days when diesel engines go toe-to-toe against gasoline mills for supremacy. Now, more and more carmakers are trying to shy away from diesel engines, but not because of gasoline powerplants. In the past few years, there has been a growing trend and increasing demand for electrified and all-electric products. On the other hand, the demand for diesel engines has been dropping.
Porsche’s decision to drop its diesel lineup could be traced back to the so-called Dieselgate scandal. This scandal involved the emissions of diesel engines employed by brands of the Volkswagen Group. This forced the group to re-focus its strategy and plan for a lineup laden with electrified – including all-electric – vehicles. Interestingly, Porsche is part of the VW Group.Read the entire article Porsche officially drops diesel engines from its lineup
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
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