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McLaren turns the corner, posts first profits
Wed, 04 Jun 2014By Tim Pollard Motor Industry 04 June 2014 10:48 McLaren Automotive today announced it had broken even for the first time in its brief three-year history, posting a £4.5 million pre-tax profit in 2013. It's great news for the young supercar brand, which until now has lost money every year. McLaren's turnover was £285m, up from £267 in 2012, as it increased production towards its long-term goal of 4000 cars a year.
Germany plans to charge foreigners to drive on the Autobahn
Tue, 10 Dec 2013Germany plans to charge foreigners to drive on the Autobahn It seems Germany is planning to charge to use the Autobahn network – just as France does – but it plans to levy the charge just on foreign visitors. The plan is part of a deal by Angela Merkel’s Social Democrat party to form a new coalition and would see all non-German drivers paying a fixed toll to use the Autobahns. But the plan is coming under fire from neighbouring countries (Germany has borders with nine other countries) and even from its own version of the AA – the ADAC – who say the revenue likely to be raised – around £220 million – will do little to address the costs.
VW Polo R confirmed for 2013
Mon, 16 May 2011VW Polo WRC makes the case for the 4WD VW Polo R We speculated a year ago that the Polo GTI wouldn’t be the top of the Polo tree, and that Volkswagon would roll out the VW Polo R in 2012, but perhaps with FWD instead of the 4WD its big brother, the Golf R, enjoys. But just a few months later it seemed clear that we would end up getting a 4WD Polo R at some point after Audi lost its bottle at the last minute and pulled the Audi S1 badge off a FWD A1, instead calling it the Audi A1 1.4 TFSI. That change of heart by Audi – saving the S1 badge for a quattro S1 – meant that a quattro platform would be developed for the S1, and as the A1 uses the Polo platform it meant a 4WD platform would be available for the Polo too.