Supercars now

  Mercedes-Benz is hoping to increase its presence in the lucrative Middle-Eastern market by establishing a pair of financial firms that are fully compliant with the specific regulations of Islamic law, or Sharia. Islamic law prohibits its followers from charging or collecting interest fees when money is lent or accepted, or investing …

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Mercedes-Benz Offers Sharia-Friendly Financing In Middle East

In August, German prosecutors mounted a raid of Porsche’s offices, looking into what the company’s last CEO, Wendelin Wiedeking, and his financial chief, may have done to manipulate the markets and violate securities laws. Now Porsche has confirmed further raids have been conducted on apartments belonging to a sub-management level …

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Germany Continues Investigation Of Porsche Officials

A big burden for luxury European cars – Over There European luxury cars facing market conditions An End To Irrelevance You’ve got to feel for the car manufacturers at the moment. I don’t mean the likes of GM, a company that’s been churning out substandard crap for years and is now facing a nuclear winter because customers are fed up with the product and credit is more difficult to come by than Osama Bin Laden’s postal address. I mean manufacturers like Bentley, Aston Martin, Audi, Jaguar, and so many others like them

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A big burden for luxury European cars – Over There

Porsche, coming off record sales and profits last financial year, has announced that for the first six months of the current year of business the company has experienced a 27.7% decrease in sales but miraculously profits have risen to €7.34 billion – up from €1.66 for the same period one year ago. While many of its rivals are struggling to stay in the black during the hard economic conditions, Porsche is in the unique position that it earns more income from its dealings in financial markets than it does from manufacturing and selling cars. Read more

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Porsche posts €7.34 billion in profits after seeing sales drop more than 27%

Barry and Michelle Face Financial Crisis | KXNet.com North Dakota News KXMC, ND - 2 hours ago Barry intends to get all four tires at once, as part of a package deal on the new Lamborghini he’s always wanted! “Michelle,” says Barry, “we can’t just do …

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Barry and Michelle Face Financial Crisis | KXNet.com North Dakota News – KXMC

Financial Times McLaren looking to increase production to 4000 cars per year Motor Authority - 2 hours ago This would allow the company to finally compete directly with Ferrari and Lamborghini in terms of volume.

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McLaren looking to increase production to 4000 cars per year – Motor Authority