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News watch July 2012: today's auto industry news
Wed, 25 Jul 2012Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hour Tuesday 31 July 2012•Porsche SE recorded a first half profit of €1.15bn, in comparison with €149m for the same period in 2011. The enormous jump has come not from directly selling cars, but from the group's investments in Porsche Zwischenholding GmbH and Volkswagen AG (Porsche SE)•Reuters suggests Germany's car market is in recession, but few outside the industry would know it, thanks to a controversial sales practice that inflates official statistics and paints a flattering picture of demand.
Tesla offers finance deal on Model S
Wed, 03 Apr 2013Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. The 10 percent down payment often will be covered by federal and state tax credits available on electric vehicles. However, the $500 a month payment is an "effective" monthly payment.
Mercedes E Class gets AMG Pack
Thu, 22 Jan 2009Mercedes quietly unveiled the 2009 Mercedes Benz E Class at Detroit. Quietly, because it wasn’t actually planned, but due to details leaking out ahead of the show, it seems Mercedes decided they may as well get the reveal over. Bigger than the last generation E Class, the new E Class gets a complete styling overhaul, with a new style in keeping with Mercedes more recent ‘Family’ looks.