Filed under: Earnings/Financials , Audi , BMW , Porsche , Toyota , Car Dealers , China , Luxury Reuters reports that BMW has agreed to pay its Chinese dealers 5.1 billion yuan ($820 million) to help them overcome huge inventories and poor profits last year. Audi and Daimler have are also subsidizing Chinese dealers with hundreds of millions of dollars as the local auto market slows down. Continue reading Automakers paying Chinese dealers for lower-than-expected sales Automakers paying Chinese dealers for lower-than-expected sales originally appeared on Autoblog on Sat, 10 Jan 2015 17:31:00 EST. Please see our terms for use of feeds . Permalink
Filed under: Motorsports , Europe , Aston Martin , Audi , Chevrolet , Toyota , Ferrari , Racing Commenting on the rush of events that rocked beginning and end of the 24 Hours of Le Mans , Paul Truswell of Radio Le Mans said “the race is about the ability to endure, not just the ability of drivers to do what they do for a long time.” The entire race machine, all the way down to the pit boards and radios, has to survive the stress and abuse of the entire day. This was the race to prove those words. There were two Toyotas, two Porsches and three Audis, five of the seven led the race at some point, six of the seven ran in the top three. Toyota will be hugely disappointed that it didn’t win when its car and drivers were so, so strong, but they gave Audi the kind of scare we haven’t seen since the best of Peugeot’s days, and Toyota did a better job of it even in the loss. Porsche blew away everyone’s expectations, falling 3.5 hours short of a fairy tale ending that would have made Disney cry. But Le Mans doesn’t really do fairy tales. Well, not that fairy tale. Audi’s Twitter handle during the event was #welcomechallenges. As usual, Le Mans answered for the entire field. Continue reading Race Recap: 2014 24 Hours of Le Mans defines ‘endurance’ Race Recap: 2014 24 Hours of Le Mans defines ‘endurance’ originally appeared on Autoblog on Mon, 16 Jun 2014 10:31:00 EST.
Filed under: Motorsports , Audi , Porsche , Toyota , Racing As is so often the case, the 2014 Le Mans was a war of attrition, and Audi managed to prevail once again after all 24 hours had been recorded in the history books, with its Audi R18 E-Tron Quattro claiming first and second places, followed by Toyota in third. Drivers Marcel Fassler, Andre Lotterer and Benoit Treluyer inherited the lead in their No. 2 Audi after the No. 7 Toyota, driven by pole-sitter Kazuki Nakajima, was forced to retire with electrical problems in the 15th hour. The No. 2 Audi led the race until it was forced to the pits to replace a turbocharger in the 17th hour, allowing the No. 1 Audi, driven by Lucas di Grassi, Marc Gene (who was a last-minute replacement for Loic Duval, who crashed hard during practice) and defending champion Tom Kristensen, led the race until the 21st hour, when it too had to pit with turbocharger issues. This gave the No. 20 Porsche of Timo Bernhard, Brendon Hartley, and Mark Webber the lead until it was forced off the track with gearbox problems, eventually finishing in 38th position. In LMP2, the Jota Sport Zytek Z11SN-Nissan driven by Simon Dolan, Harry Tincknell and Oliver Turvey claimed victory, the first five LMP2 finishers all powered by Nissan .
Filed under: Car Buying , Lexus , Porsche , Toyota Each year, J.D. Power and Associates surveys original owners of three-year-old vehicles to find out what kinds of problems they have had experienced over the last 12 months, and then it uses this data to create its annual Vehicle Dependability Study . This means that the models in the 2013 study are 2010 model year vehicles, and J.D. Power rates each make as well as the top individual models based on how many problems were experienced per 100 vehicles (PP100). Debunking the idea that carryover models are more dependable than new or updated models, the 2013 study found that the average carryover model experienced 133 PP100, while all-new or redesigned vehicles for the 2010 model year had 116 PP100; vehicles that received minor changes fared the best with just 111 PP100. The overall average for all makes was 126 PP100, which is the lowest figure since the findings were first issued in 1989. For 2013, Lexus and Porsche remained in the top two spots, respectively (and each experienced fewer problems year over year), but there were plenty of shakeups elsewhere in the list. The biggest mover overall was Ram , which moved up 20 spots from one of the worst performers in 2012 to sitting pretty in the top 10. Other big positive movers include Mazda , Infiniti and Ford . On the opposite side of things, Scion dropped 13 spots, falling from the fifth-best score down to No.