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UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.

Porsche makes £14k on every car it sells, Bentley makes £12.7k

Porsche 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).

Volkswagen Polo 3dr (2009): first official pictures

By Tim Swietochowski First Official Pictures 26 August 2009 08:00 Volkswagen has unveiled the new three-door Polo, which will go on sale in January 2010 with prices ranging from around £9200 to £14,000. The new supermini will be built in Volkswagen’s Pamplona factory in Spain, and shares its platform with the five-door Polo.  Fitted as standard will be four airbags, ABS, ESP, hydraulic brake assist, a CD player, speed sensitive power steering and electric windows. Gone are the days of stripped-out superminis...