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KBB Announces 2017 Best Buy Awards

IRVINE, Calif. — Kelley Blue Book today announced the winners of its 2017 Kelley Blue Book Best Buy Awards. The 2017 Honda Civic was named the Overall Best Buy of 2017, however, 11 other vehicles also took top honors for their respective categories. “Kelley Blue Book editors went to the unprecedented choice of honoring the ... Read More »

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VW Credit Teams With Safe-Guard on New Line of F&I Products

HERNDON, Va. — VW Credit Inc. — doing business as Volkswagen Credit, Audi Financial Services and Ducati Financial Services — has announced a new line of Volkswagen, Audi and Ducati branded lines of automobile and motorcycle protection products for the U.S. market. The captive said this week it reached an agreement with Safe-Guard Products International ... Read More »

VW Will Cut Spending By $1 Billion, Launch All-Electric Phaeton in EV push

MUNICH — Volkswagen Group said it will reduce investment spending at the VW brand by 1 billion euros ($1.1 billion) a year, as well as switch to a different diesel emissions treatment technology and launch an all-electric Phaeton sedan as the flagship for a new focus on electrification, reports Automotive News. VW will increase its ... Read More »

Audi Edges Past BMW to Lead Luxury-Car Sales Race in April

Audi was the world’s biggest seller of luxury cars in April, edging out BMW AG’s namesake brand and fast-growing Mercedes-Benz, reported Bloomberg. Bolstered by U.S. demand for the Audi Q5 and Q7 sport utility vehicles, the Volkswagen AG unit’s deliveries rose 2.5 percent to 152,850 cars last month, compared with BMW’s 5.6 percent increase to ... Read More »

VW’s Audi Sales Up 2.5 Percent in April to 152,850 Cars

Volkswagen’s Audi luxury division said on Friday sales increased 2.5 percent in April to 152,850 cars and sport-utility vehicles, the highest-ever level recorded for any month in the carmaker’s history, reported Reuters. Sales in Europe edged up 0.9 percent as gains in Italy and Spain offset a 42 percent slump in deliveries in Russia to ... Read More »

Volkswagen’s Audi to Step Up Investments in 2015-19 on Models, Plants

Volkswagen’s flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world’s largest luxury-car manufacturer, reported Reuters. Audi, which contributes 40 percent of operating profit at Europe’s biggest automotive group, said on Saturday it will push up investment in ... Read More »

Volkswagen’s Audi Aims to Launch Two Electric Vehicles by 2018: CEO

Volkswagen’s premium Audi division aims to bring two purely electric vehicles to market by 2018 as it tries to catch up with rivals such as Tesla Motors and BMW, reported Reuters. Audi’s Chief Executive Rupert Stadler told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview to be published on Saturday that the launch of ... Read More »

Strong Mercedes Sales Have Yet to Move it Past Audi

Mercedes Margin Disappoints on Spending to Beat Audi

VW Quarterly Profit Beats Estimates on Porsche Deliveries