On the evening before the Paris Motor Show, the Volkswagen Group presented not only the production-bound Passat GTE plug-in hybrid, but also staged the world premiere of the XL Sport—a highly efficient sports car concept based on Volkswagen’s XL1 diesel plug-in hybrid.
Daily Archives: October 3, 2014
GM predicts Europe profit in ’16, ending years of losses
General Motors said it expects its first profit in Europe in more than a decade in 2016 and that it will also hit its targeted 10 percent operating profit magin for North America the same year.
GM had previously said it would hit those targets by mid-decade, but it offered the more specific timetable at its investor meeting at the company’s test track outside Detroit.
EU probes Portugal’s MQB aid to Volkswagen
The European Commission said it had opened an in-depth investigation into Volkswagen Group’s planned receipt of €36.15 million ($45.6 million) of state aid for introducing its modular MQB platform technology at a plant in Portugal.
Buying a Classic Car The Right Way: Save Your Wallet and Your Sanity
By Nicholas Pell
Lots of people want to own classic cars. Few are able to make it happen. Even fewer know exactly what they’re in for when they sign on for the job.
