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UK Car Sales up again in November (2012)
Thu, 06 Dec 2012The Society of Motor Manufacturers and Traders has revealed that new car sales grew again in the UK in November – up by 11.3 per cent. At some point, new car sales in the UK must surely start to ease as the economic pressure bite, but so far in 2012 we’ve had an inexorable rise in numbers. The latest figures for November show new car sales (well, to be precise, new car registrations – which include Pre-Reg cars) up by an impressive 11.3 per cent, following on from a rise of 12.1 per cent in October, with private buyers driving sales rather than fleet.
How Porsche will be integrated into VW
Fri, 20 Nov 2009By Georg Kacher Motor Industry 20 November 2009 12:32 Although Porsche won't be a fully integrated member of the Volkswagen group before mid-2011, the sports car maker can even at this early point in the merger no longer make independent strategic decisions. After all, Martin Winterkorn has effectively been appointed head of the Porsche SE Holding which in turn employs the Porsche AG chairman Michael Macht. With a takeover as costly and complicated to fund as this one – all in all, VW will have to fork out a staggering €16 billion to absorb the latest family member – it is only logical that the new owner wants to get the restructuring process going asap. Overnight, Porsche has become easily VW's most expensive brand.How VW will integrate PorscheTo protect and eventually enhance its value, the powers in Wolfsburg will leave no stone unturned to rearrange the product portfolio, to streamline R&D, to shake up purchasing and production, and to ensure a variety of synergies which are estimated to range from €500m to €750m per year.
Didn’t The Bentley Boys Do Well?
Mon, 16 Dec 2013AS Bentley gears up for a fulltime return to the racetrack, the weekend saw the Crewe-based luxury car maker score a solid fourth place overall at the Gulf 12 Hours of Abu Dhabi. Approached as a dress rehearsal ahead of the team’s attack on the 2014 Blancpain Endurance Series, the three driver-strong outfit achieved a creditable third and fourth place finishes in the two six-hour races at the Yas Marina circuit. The race programme – the first factory-backed activity since its 2003 Le Mans win – sees the firm use a Continental GT producing 600 horsepower in competition trim.
