Porsche makes £14k on every car it sells, Bentley makes £12.7k

Porsche made £14k on every car sold in 2013 If you need an illustration of how much more profitable high-end sports and luxury cars are than mainstream cars, VW Groups sales figures demonstrate it perfectly. At the extreme ends of the profit per car spectrum, Porsche made an enviable £13,931 for every car it sold in 2013 and VW made just £615 (although SEAT actually lost £330 on every car it sold) . In fact, although you might expect the higher-priced Bentley range to make more per car than a Porsche, Bentley only managed a creditable second place on VW Group’s profit per car table, turning in £12,700 profit for every car it turned out (11,000 of them in 2013).

Fiat 500 to spawn the 500X SUV / Crossover

The Fiat 500L (pictured) will turn in to the butch Fiat 500X SUV With the Fiat 500, 500C and 500L aiming to take on MINI, Fiat has decided the next step is a Countryman SUV 500 – the Fiat 500X. The two most successful reincarnations of iconic cars to hit the market have been the MINI and the Fiat 500. Both have managed to evoke the spirit of the original in a cohesive and appealing modern iteration.

F1 Budget Cap row over

MAx Mosley announces the budget cap row is over between the FIA and FOTA - and he's resigning. After a meeting today in Paris, the FIA has announced that it has reached agreement with FOTA to scrap the budget cap it was insisting on implementing from 2010. Quelle surprise!