Category: Germany

By on May 6, 2012

BMW turns more and more into the world’s purveyor of engines. If recent talks are successful, BMW motors could power Hyundai cars. This according to a report in Germany’s industry publication Automobil Produktion.

The magazine reports that Chung Eui-Sun, Vice-Chairman of Hyundai Motor Company and only son of und Hyundai CEO Chung Mong-Koo, has been in Munich to start the talks. (Read More…)

By on May 6, 2012

This weekend, Audi’s R18 e-tron quattro hits the track at the World Endurance Championship (WEC) in Spa, Belgium. Not enough that the race car is powered by a V6 diesel engine. It also uses a flywheel as energy storage. Why should we care? Audi makes noises that this technology could soon show up in production cars. (Read More…)

By on May 5, 2012

Germany defies the European downtrend of car sales. In April, Germans bought 2.9 percent more cars than in April 2011. Europe’s largest car market most likely has cushioned the fall in other EU countries again, which will be evident once ACEA numbers for the EU are published in a week or two. (Read More…)

By on May 2, 2012

While other car companies are perfecting the art of the slow on-line strip-tease of their car pictures, over in Germany, GM’s Opel does a slow reveal of a name. (Read More…)

By on April 20, 2012

Last week, Volkswagen Chairman Ferdinand Piech celebrated his 75th birthday. Yesterday, the presents arrived. Volkswagen bought the maker of Piech’s motorcycle, Ducati. Piech’s contract as chairman was extended by 5 years. And a buxom blonde received a seat on the board: Piech’s wife Ursula. (Read More…)

By on April 19, 2012

The Emir of Abu Dhabi is tired of the car business. Germany’s Spiegel Magazin heard that Abu Dhabi’s sovereign wealth fund Aabar wants to sell all stock in Daimler. Aabar also wants out of Daimler’s Formula 1 team and the joint investment in Tesla. (Read More…)

By on April 19, 2012

Volkswagen’s CEO warned its shareholders of a “very demanding year,” what with the European debt crisis depressing auto markets and growth in growth markets slowing. What is growing is risks, said Winterkorn at VW’s annual general meeting. Oddly enough, it is Volkswagen’s competitors who should be very worried. (Read More…)

By on April 13, 2012


How do you produce record gains while your home market goes to hell in a hand basket? Volkswagen has the answer: You try to keep the lid on the hand basket and sell like hell elsewhere. The Volkswagen Group delivered 2.16 million vehicles globally in the first quarter of 2012, up 9.6 percent from the same period in 2011.This was the first time that the two million mark was crossed in the first quarter of a year. Record deliveries were also recorded for the month of March: 862,700 units, up 12.5 percent from 767,100 in March 2011. (Read More…)

By on April 11, 2012

It would be a great announcement to start the Beijing Auto Show, opening to the media in the world’s largest car market on April 23. Audi has its eyes on another date in the calendar: On April 18, a day before VW’s annual shareholders’ meeting in Hamburg, Audi should announce the purchase of Italy’s motorcycle maker Ducati, sources tell Reuters.

The story has been around for a while, but a due diligence check takes time. Audi’s auditors did not find any hidden skeletons, reports the wire service. Other papers, such as the Corriere de la Sera, and Germany’s Handelsblatt agree.

Ducati would round out Volkswagen’s brand portfolio nicely. It would have everything from heavy trucks, even ship engines, to screaming superbikes. It also would flip the bird at Audi’s Bavarian rival BMW.

 

By on April 10, 2012

China is Porsche’s second largest market (behind the U.S.) and most of the Porsches shipped to the Middle Kingdom are Cayennes. No wonder that Porsche will choose the upcoming Beijing Auto Show to present a successor to its brutish GTS. (Read More…)

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