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Volkswagen Chairman Winterkorn Accepting Pay Cut for 2012

Volkswagen Chairman Winterkorn Accepting Pay Cut for 2012

Responding to controversy about high pay

Volkswagen Chairman Martin Winterkorn is taking a 20% pay cut for 2012 over 2011, but do not worry he will still make €14 million ($18.7 million). This comes despite Volkswagen making a record profit and having record sales in 2012. Winterkor...
18.02.2013 | 500 views | 0 comments
Volvo Will Update Six of Its Cars in Hope to Improve Sales

Volvo Will Update Six of Its Cars in Hope to Improve Sales

Refreshed cars will come in early summer

Volvo desperately wants to boost sales, and it appears willing to spend money to do it. Last week, the Swedish automaker released its January sales report, and things were not good. Sales were down 2.1% globally and down 14.7% in the EU. The brigh...
18.02.2013 | 441 views | 0 comments
Ferrari Supercar Will Be Limited to 499 Cars and Cost €1 Million

Ferrari Supercar Will Be Limited to 499 Cars and Cost €1 Million

No official name yet

The still-unnamed Ferrari supercar will cost €1 million and be limited to 499 units, 100 more than the Enzo. This information comes from insider sources speaking to Automotive News Europe. The Enzo retailed for €665,000. The reason f...
18.02.2013 | 4738 views | 0 comments
New Nissan Note to Take on Fiesta and Polo This Fall

New Nissan Note to Take on Fiesta and Polo This Fall

New generation will come standard with premium safety systems

Nissan’s big reveal at the Geneva Motor Show will be a new generation Note that focuses on expanding its safety systems to places where other cars in its segment have not yet gone. The little car has a bold exterior design with a grill t...
18.02.2013 | 3671 views | 0 comments
Peugeot Premiering 2008 Crossover in Geneva

Peugeot Premiering 2008 Crossover in Geneva

Compact 208-based Crossover will go on sale in spring

Peugeot’s big reveal for the Geneva Motor Show this year will be the 2008 compact crossover based on the 208. It is not resting on its laurels either because the car will be on sale in the spring. "With the 2008, Peugeot is continui...
18.02.2013 | 3213 views | 0 comments
Chevrolet SS Brings Aussie Muscle to the US

Chevrolet SS Brings Aussie Muscle to the US

Will offer over 400hp in a four-door, rear-wheel drive sedan

Chevrolet’s new SS muscle sedan follows a path that General Motors has been following for over the past decade. When you need a powerful, rear-wheel drive car, go to Australia. The 415hp SS is closely based on the Holden VF Commodore SS V an...
18.02.2013 | 916 views | 0 comments
Buffet Bets Big on GM, Buys 10 Million Shares

Buffet Bets Big on GM, Buys 10 Million Shares

Now holds 25 million shares of US automaker

Famous investor and one of the richest men in the world Warren Buffet has had his company, Berkshire Hathaway Inc., purchase 10 million additional shares of General Motors stock, which bolsters the company's holdings to 25 million shares. The ...
15.02.2013 | 439 views | 0 comments
Refreshed 2014 Jeep Grand Cherokee Will Get European Debut in Geneva

Refreshed 2014 Jeep Grand Cherokee Will Get European Debut in Geneva

Upgrades first revealed for US will be carried over to Europe

The refreshed 2014 Jeep Grand Cherokee was first revealed at the North American International Auto Show in Detroit in January, and on March 5 European buyers will get to see the updated truck at the Geneva Motor Show. They will have to wait until ...
15.02.2013 | 4547 views | 0 comments
Alfa Romeo Brings Glorious Gloria Concept to Geneva

Alfa Romeo Brings Glorious Gloria Concept to Geneva

The concept is based on turning a Duetto into a four-door coupe

The Germans have mostly dominated the four-door coupe market since Mercedes introduced the CLS in 2004. Alfa Romeo may be a decade late, but it definitely has a hit with the Gloria concept that it will show at Geneva on March 5. It says that the i...
15.02.2013 | 3923 views | 0 comments
Qoros Reveals Q3 Ahead of Geneva and Concepts for Variants

Qoros Reveals Q3 Ahead of Geneva and Concepts for Variants

Brand aiming to make Chinese cars popular in Europe

Chinese brand Qoros has decided to reveal its Q3 sedan and concepts for future variants ahead of the Geneva Motor Show on March 5. Qoros' goal is to be the Chinese brand that breaks into Europe, and it is an international effort. Qoros is ...
15.02.2013 | 2934 views | 0 comments
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