BLOG: Paul McVeigh

Porsche is Volkswagen's profit champion

Posted 12:01 am U.S. ET, March 13
blogs Paul McVeigh is Managing Editor at Automotive News Europe
 
The true worth of the Porsche sports car brand to Volkswagen Group became apparent today when VW released its 2013 financial results. Porsche's operating profit last year was 2.6 billion euros ($3.6 billion) on revenue of 14.3 billion euros, giving the sports car brand an 18 percent return on sales. At 5.0 billion euros, Audi's operating profit was almost twice as much a ...
     Continue reading "Porsche is Volkswagen's profit champion" » Mar 13, 2014 12:01 am U.S. ET
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Why Wolfgang Bernhard may finally get Mercedes' top job

Posted 12:01 am U.S. ET, Feb. 7
Daimler CEO Dieter Zetsche was upbeat at the automaker's annual press conference in Stuttgart on Thursday despite the fallout from the departure of long-serving executive Andreas Renschler."Changes offer new chances. We have personnel with great potential," Zetsche said.Wolfgang Bernhard may benefit most from Renschler's exit after suffering many setbacks in his career. Th ...
     Continue reading "Why Wolfgang Bernhard may finally get Mercedes' top job" » Feb 7, 2014 12:01 am U.S. ET
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
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