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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.

Paul Walker's daughter files wrongful death suit against Porsche [UPDATE]

UPDATE: This post has been edited to include a statement from Porsche. While police blamed the crash that killed Fast and Furious star Paul Walker and racecar driver Roger Rodas on excessive speed, Walker's daughter, Meadow, thinks Porsche is at fault. The 16-year-old has now filed a wrongful death suit against the German manufacturer to back up that allegation. According to legal documents obtained by E! Online, the suit alleges that the Carrera GT that Walker and Rodas died in "lacked safety features ... that could have prevented the accident or, at a minimum, allowed Paul Walker to survive the crash," with Porsche Stability Management being called out in particular. Federal motor vehicle safety standards didn't require new cars sold in the US to be equipped with electronic stability control until 2012. The suit focuses not only on the Carrera GT's lack of electronic safety systems and "history of instability and control issues," but on an allegedly defective seatbelt. It claims that upon impact, the belt "snapped Walker's torso back with thousands of pounds of force, thereby breaking his ribs and pelvis," and prevented him from exiting the car before it caught fire, roughly a minute and 20 seconds after the initial impact, according to TMZ. Soot found in Walker's windpipe supports the theory that he was alive and breathing when the fire started, the suit continues. Like the suit Roger Rodas' widow filed against Porsche in 2014, Walker's filing also alleges that the Carrera GT wasn't traveling at 80 to 93 miles per hour, as a police investigation concluded. But where Mrs. Rodas claimed the Carrera GT was going 55 at the time of the crash, this suit claims the hypercar was moving at 63 to 71 mph. That's a more manageable figure to be sure, and if true would have a serious impact on the way the car behaved, but it's still well above the road's posted 45-mph speed limit. "The bottom line is that the Porsche Carrera GT is a dangerous car," Meadow Walker's lawyer told TMZ. "It doesn't belong on the street. And we shouldn't be without Paul Walker or his friend, Roger Rodas." Porsche, meanwhile, has stood by the reports from the Los Angeles County Sheriff's Department and other authorities.

What's the deal with all these Porsches Seinfeld is selling?

In case you haven't been able to tell from watching Comedians In Cars Getting Coffee, Jerry Seinfeld is as fanatical about automobiles as he is about comedy. The man has one of the most enviable Porsche collections in the world. But now he's preparing to auction off a significant share of them, and Gooding & Company, the auction house handling the sale, has just released the full list. We got our first look at some of them a couple of weeks ago, including a 550 Spyder, a 356 Speedster, and a 911 IROC RSR – all of them valued in the millions. But that's only the tip of the proverbial iceberg. Other Porsches from the Seinfeld collection set to cross the auction block include a 917/30 Can-Am Spyder, a 718 RSK, a Carrera GT prototype and a 962C racer. There are old and new 911s aplenty, a handful of 356s, even a 597 Jagdwagen and a couple of 1960s VWs thrown in for good measure. You can scope out the full list in the press release below and view some of them in the gallery above. And if you have the funds and the inclination, Amelia Island will be the place to be next month. Here's hoping it all works out better for the proud new owners than that time George thought he had bought Jon Voight's Chrysler LeBaron. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Gooding & Company Reveals the Complete List of Collector Cars To Be Offered from Jerry Seinfeld's Collection at the Amelia Island Auction Porsche Highlights from Jerry Seinfeld's Collection Include the 1973 Porsche 917/30 Can-Am Spyder and the 1959 Porsche 718 RSK SANTA MONICA, Calif. (February 5, 2016) – Gooding & Company, the auction house acclaimed for selling the world's most significant and valuable collector cars, is honored to announce the full selection of consignments from The Jerry Seinfeld Collection to be sold at the Amelia Island Auction on March 11, 2016. Enthusiasts and collectors will not want to miss this historic event as these superb examples cross the auction block. "Mr. Seinfeld is recognized throughout the world as having acquired one of the finest Porsche collections ever assembled," said David Gooding, President and Founder of Gooding & Company. "He has become known as the definitive Porsche connoisseur based on his passion and devotion to the marque. We at Gooding & Company share his reverence for Porsche and are proud to offer these truly incredible examples.