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GM's Ed Whitacre meets the press in Web chat
Tue, 08 Dec 2009General Motors' new front man, Ed Whitacre, remains a bit of an elusive figure in the car world. But at the very least, the former telecom honcho who's now the leader of the nation's largest automaker does like cars. “Oh yes,” he answered in response to that question during a Web chat on Tuesday, one of his first interactions with the media so far in his tenure at the helm of GM.
Mazda hires VW alum Derek Jenkins to head U.S. design staff
Thu, 30 Apr 2009Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America. Jenkins, 39, fills a position vacated last summer by Franz von Holzhausen, who left to take the top design post at electric-vehicle maker Tesla Motors. Jenkins had been chief of design for the Volkswagen Group in North America, which he joined in 2000.
Porsche makes £14k on every car it sells, Bentley makes £12.7k
Fri, 14 Mar 2014Porsche made £14k on every car sold in 2013 If you need an illustration of how much more profitable high-end sports and luxury cars are than mainstream cars, VW Groups sales figures demonstrate it perfectly. At the extreme ends of the profit per car spectrum, Porsche made an enviable £13,931 for every car it sold in 2013 and VW made just £615 (although SEAT actually lost £330 on every car it sold) . In fact, although you might expect the higher-priced Bentley range to make more per car than a Porsche, Bentley only managed a creditable second place on VW Group’s profit per car table, turning in £12,700 profit for every car it turned out (11,000 of them in 2013).