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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GM-PSA rumors may be a 'stalking horse'

Posted 12:01 am U.S. ET, June 28
Reports that the Peugeot family is willing to hand over its struggling automotive business to General Motors or China's Dongfeng Motor may have an ulterior motive.The thinking goes like this: Peugeot family sources are briefing the media about a possible GM or Chinese takeover of PSA/Peugeot-Citroen to frighten the French government and the French public into accepting the ...
     Continue reading "GM-PSA rumors may be a 'stalking horse'" » Jun 28, 2013 12:01 am U.S. ET
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