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Jaguar, Mercury tops in sales satisfaction, J.D. Power reports
Tue, 08 Dec 2009The Jaguar brand, sold by Ford Motor Co. last year to India's Tata Motors, won top honors in the annual J.D. Power and Associates Sales Satisfaction Index--the fifth time in six years the luxury brand has taken the top spot in the influential survey.
GM agrees to sell Saab to supercar company Koenigsegg
Tue, 16 Jun 2009General Motors confirmed Tuesday morning that it has a tentative agreement to sell Saab to a group led by Swedish supercar maker Koenigsegg Automotive. The deal would close by the end of the third quarter and put Saab in the hands of an upstart, boutique car company known for producing eye-catching cars with gaudy horsepower ratings and even gaudier price tags. The agreement includes $600 million in financing from the European Investment Bank.
Ferrari posts huge profits - by building fewer cars
Tue, 18 Feb 2014AP Ferrari today announced an 8% jump in trading profits to €363.5 million in 2013 - despite selling 5% fewer cars. It's all part of the supercar maker's planned reduction in supply to keep values and demand for Ferraris rock-solid, Maranello reported. Turnover and profit all surpassed previous records, despite the reduction in the number of cars built.