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Volkswagen C Coupe GTE bows in Shanghai

Following the debut of the slick, semi-aggressive Sport Coupe GTE concept in Geneva, Volkswagen is bringing something a bit more grandiose to the Shanghai Motor Show. It's called the C Coupe GTE, and it points the way forward for Volkswagen's large sedans – in China, at least. The C Coupe GTE is low and long, and rides on the same Volkswagen MLB platform that underpins vehicles like the Audi A6. Volkswagen's head of design, Klaus Bischoff, says "the C Coupe GTE very clearly shows the new 'face' of top Volkswagen sedans for the first time," so get used to this design. We think it's pretty attractive, and a car like this could easily work as an upper-tier CC replacement. But don't get your hopes up too much – VW USA says this concept was "designed chiefly for the Chinese market." That's evident inside, where the C Coupe boasts a four-passenger seating configuration with luxurious accommodations for folks in back. In fact, backseat riders can share data with the driver via the car's infotainment system. "Information about the manager's appointments can be transferred via a smartphone to the infotainment system," says Volkswagen. "Parallel to this, the appointment list also serves to plan the navigation route for the day. However, the chauffeur only has specifically filtered information for the infotainment system to facilitate punctual arrival at the destination." Like other GTE-badged models, the C Coupe uses a plug-in hybrid powertrain. That means it's got a four-cylinder turbocharged gasoline engine, an electric motor, and a 14.1-kWh lithium-ion battery, all mated to an eight-speed automatic transmission. Total system output is 242 horsepower and 369 pound-feet of torque, and Volkswagen says the C Coupe can travel up to 31 miles in electric mode (at speeds up to 81 miles per hour). Hitting 62 mph takes 8.6 seconds, but when driven economically, Volkswagen says the sedan can achieve up to 102 miles per gallon (on the Euro cycle) and cruising range is a whopping 684 miles. See the C Coupe GTE for yourself in the slideshow above, and scroll down for a huge helping of information in VW's press blast. VOLKSWAGEN DEBUTS C COUPE GTE IN SHANGHAI New plug-in hybrid concept car points the way to the future of large Volkswagen sedans Wolfsburg/Shanghai, April 2015 - Volkswagen is expanding its model range at high speed and the latest show of this intent is on display at Auto Shanghai-the C Coupe GTE.

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.

VW execs didn't think diesel problem would be so serious

Volkswagen Group has admitted that former chairman Martin Winterkorn received two memos about the diesel scandal in 2014. Top execs ignored the problem because they didn't think it was a serious issue. VW disclosed these details to counter allegations in a German shareholder lawsuit that alleged the automaker violated the law by withholding the info from investors. A memo on May 23, 2014 first advised Winterkorn about emissions cheating. A memo on May 23, 2014, first advised Winterkorn about the study from the International Council on Clean Transportation, which identified the emissions cheating. According to VW, the document was part of the exec's weekend mail, and the company's investigation didn't discover whether Winterkorn actually read it. A rumor last month alleged this memo existed. Another memo for Winterkorn on November 14, 2014 was about several defects, including the diesel engines. The document estimated it would cost 20 million euros ($22 million US at current rates) to fix the problem. The chairman learned about the issue again on July 27, 2015, during a meeting on product issues. "Mr. Winterkorn asked for further clarification of the issue," according to VW's statement. Things got serious at the end of August 2015. Things got serious at the end of August 2015 when technicians explained the diesel issue to the legal department. VW came clean to the California Air Resources Board and the Environmental Protection Agency on September 3. A memo told Winterkorn the next day, which was also previously alleged. According to this investigation, management didn't believe the diesel problem would affect the stock price, and they estimated the cheating might cost at most a few hundred million dollars in fines. The execs were clearly wrong. The share price dropped after the scandal broke last September, and the problems have started to affect its divisions. According to Reuters, Audi reported it suffered 228 million euros ($249 million) in costs in 2015 from the emissions issue and repairing Takata's faulty airbag inflators. Volkswagen still doesn't know the exact costs of the scandal, but the automaker's law firm, Jones Day, plans to release a report in the second half of April to explain the whole affair. By that time, we might also know how VW plans to fix the problem because a judge recently gave the company until March 24 to outline a fix for the 2.0-liter TDI. CARB started evaluating a repair plan for the 3.0-liter TDI in early February.