Feb 01 2015 11:15 AM | Volkswagen NewsTrying to figure out the logic of Volkswagen concerning the next-generation Phaeton is a very difficult task. The German automaker loses 28,000 euros (about $31,598) on every Phaeton built. Also the automaker has announced a cost-cutting plan that a plan to save 5 billion euros ($5.7 billion) annually in the coming years. Yet, Reuters is reporting that Volkswagen is going forward with the next-generation Phaeton due sometime in 2017 or 2018.
"Economically speaking, it's the most irrational project. Piech and Winterkorn simply cannot let go of their fondness for luxury products,"said Evercore ISI analyst Arndt Ellinghorst.
How irrational are we talking about? Analysts say that next-generation Phaeton using the MLB pl...
Jan 30 2015 03:15 PM | Ford NewsThere could be a hotter Ford Fiesta in the wings. Autocar spoke with Tyrone Johnson, manager of Ford Performance (group that brings together RS and SVT). Johnson revealed that work was being done on a higher-performance Fiesta that would use the current chassis and will likely go on sale within the next couple of years.
“There’s more to come from the current Fiesta,” said Johnson.
Now Johnson didn't say if this new model would wear a ST or an RS badge.
Autocar also asked Johnson about producing something akin to the Focus RS for the Fiesta.
“If there’s a business case and if it’s technically feasible.”
When pressed if a case could be made, he said “Theoretically, yes.”
Jan 29 2015 04:35 PM | Chicago Auto ShowKia has released a teaser for their upcoming concept car that will be shown at Chicago. The concept will feature an electric all-wheel drive system and be aimed at "city dwellers seeking the ultimate urban escape." From what we can tell from the teaser shot, it looks like a Soul with a few more inches of ground clearance and body cladding.
We'll have more information and live shots from Chicago Auto Show in a couple of weeks.
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