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Russian President Putin's new limo makes debut ahead of 2017 production

What's the best way to ignore an international money-laundering scandal that's allegedly revealed your link to $2 billion in off-shore accounts? Why yes, you get a new car. While information from the so-called Panama Papers is still being uncovered, Russian President Vladimir Putin's new Russian-made ride has been unveiled. Unlike US President Barack Obama's Cadillac-badged Beast, Putin's Kortezh will be available to any Russian that has the means. A total of 5,000 will be built in four different styles – limo, sedan, SUV, and minivan – although only 200 will roll off production lines next year, Sputnik News reports. Deliveries are expected to start in late 2017, while assembly will carry on through 2020, the Moscow Times reports. Commerce and Industry Minister Denis Mantrurov confirmed that Porsche has been brought in to help develop the Kortezh's powertrain. Whether that engine ends up being the turbocharged V12 we reported on way back in October 2014 isn't clear, though. Regardless of what's sitting under that long hood, we're betting it's going to be extremely powerful. Putin will likely take delivery of the Kortezh in 2017. Related Video:

Magnus Walker soliloquizes in his Porsche 911 at night

Magnus Walker, a prolific Los Angeles clothing designer who has also carved out a respected spot for himself in Porsche world, has had yet another video made about him and his sizable Porsche collection. In this latest video, Hong Kong-based Obscura magazine focuses its video cameras on Walker and his 1971 Porsche 911 track car (yes, the one that appeared on Jay Leno's Garage) as he speeds around Downtown LA and Little Tokyo late at night.
We've heard Walker's story many times before. He's not like the average Porsche owner, perhaps a tad more passionate than most, and he builds 911s like he designs clothes: his way. Sure, we might be a little envious, but can you blame us? View this very slick and entertaining nighttime video entitled Disturbing The Peace below.

VW makes $23K on every Porsche sold, more than Bentley or Lamborghini

It's a good time to be in the luxury car business. In Volkswagen Group's financial report for the 2013 fiscal year, it is revealed that that Porsche enjoyed an operating margin of 18 percent. That means the Stuttgart brand made on average about $23,200 per car sold, according to BusinessWeek. Bentley wasn't far behind, and Audi (which was combined with Lamborghini) posted a 10.1 percent margin. This compares to only around 2.9 percent for the Volkswagen brand.
"Luxury brands are on fire," said Dave Sullivan, an industry analyst at AutoPacific. He said that the average profit margin is between six and eight percent. Brands like Porsche and Bentley have the benefit of competing in rarefied markets. Buyers looking at one their vehicles have fewer models to shop against and don't care as much about price. They can also charge more for options, which further boosts income, according to BusinessWeek.
In a way, we should be more impressed by the continued success from Audi. Its models generally have direct competitors in every segment from the other premium automakers. Plus, their buyers aren't the captains of industry who are shopping for a Bentley. Still, the Four Rings is leading rivals in sales so far this year.