Aston Martin confirms sacking of chief after share collapse
Andy Palmer, who had been head of car firm since 2014, will be replaced by Tobias Moers
Andy Palmer, who had been head of car firm since 2014, will be replaced by Tobias Moers
Auto sales are at their lowest in years right now. Margins are down and car makers are relying more on their reputations. A car brand that is reputable when it comes to quality and reliability has to rely on that in order to keep sales at current levels. Results of a test conducted recently … Read more
Audi luxury SUVs met a significant boost in demand in February, as the Audi Q7 more than doubled its sales with a 147% sales gain, and the Audi Q5 registered 57% higher sales. The Q5 crossover vehicle now ranks as the best-selling model in the brand lineup, announced the manufacturer of German-engineered luxury vehicles. Audi … Read more
Luxury carmaker Bentley sales surge in 2011 Bentley sales surged last year on the back of strong performances in China and the United States, the world’s two biggest auto markets.Total sales of the German-owned British luxury carmaker soared 37 percent to 7,003 vehicles last year, said Volkswagen’s upmarket British-based division in a results statement. Bentley, … Read more
Luxury-Car Sales Defy Crisis Luxury-car sales continued to surge in September despite Europe’s deepening debt crisis and slowing economic growth in several major markets, making it likely that BMW AG, Daimler AG and Volkswagen AG’s Audi brand will report solid third-quarter earnings growth. BMW expects to hit its 2011 sales target of more than 1.6 … Read more