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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.

City of LA's electric vehicle fleet adds Tesla Model S, BMW i3

For anyone who thought that Los Angeles' efforts to turn its traffic problems green would end after a partnership with Waze, think again. The City of Angels has committed to leasing 160 battery-powered electric vehicles and 128 plug-in hybrids for its municipal fleet. A post on the LAPD blog says that the police, fire, general services, water and power departments will split the former, while the general services will also take all of the latter. Mayor Eric Garcetti says that this move puts LA closer to its goal of becoming the "most sustainable city in America." For now it has to settle for having the largest city-owned fleet of battery-powered rides. The blog post goes on to say that as part of this Sustainable City pLAn (not a typo), it also has a shiny new Tesla Model S P85D and BMW i3 for "testing and research." Hopefully that includes seeing how effective Ludicrous Mode is against fleeing perps. #LAPD: @LAPDChiefBeck speaking at the news conference on Historic Transition to Green Energy Vehicles. pic.twitter.com/n1KdFOrX8F — LAPD HQ (@LAPDHQ) September 11, 2015 This article by Timothy J. Seppala originally ran on Engadget, the definitive guide to this connected life. News Source: LAPDImage Credit: LAPD on Twitter Government/Legal Green Bentley Tesla Electric lapd

Bentley Bentayga flops around on the 'Ring

Bentley CEO Wolfgang Durheimer said the coming W12 Bentayga SUV will be the fastest SUV on the market, drawing a response from Porsche R&D chief Wolfgang Hatz that the next-generation Porsche Cayenne will outdo the Bentley on the road, and with a smaller V8 engine. We're going to assume that post and riposte is over top-speed honors, because judging by video of a prototype Bentayga lapping the Nurburgring, it won't be a Continental GT with a lift kit and it won't even be a current Cayenne GTS. In this video the Bentayga looks built for luxury, not cornering speed, as the body rolls over to the outside and the nannies shift the nose back into line when the driver pushes it through curbs. Or it could be that like the Mercedes-Benz G-Class, the Bentayga comes with some intense off-road chops that preclude tight-ship turning. And admittedly, we have no idea how this prototype is set up, but Porsche will probably take it as more reason to be smug anyway. Related Video: The video meant to be presented here is no longer available. Sorry for the inconvenience.