Volkswagen Reports Profits Jump On China Growth, Luxury Brands – Yahoo News

The accident happened on Friday night north of the capital Pretoria when Carl Pistorius, 29, whose brother Oscar is on trial for the murder of his girlfriend, was returning home from a business trip. “We can confirm that Carl was involved in a serious car accident last night. Carl was badly hurt but we are thankful that he is out of danger. He was transferred to a hospital in Pretoria,” spokeswoman Anneliese Burgess said in a statement.
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Auto business prepares for the first big wave of Gen Y buyers | Dallas Morning News

View photo Volkswagen posts a 12.5% rise in net profit to 3.2 billion euros ($4.3 billion) (AFP Photo/Odd Andersen) Frankfurt (AFP) – Volkswagen, Europe’s biggest auto group, on Thursday posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche. In the quarter from April to June, the German group’s net profit surged 12.5 percent to 3.2 billion euros ($4.3 billion). But the strong euro weighed on group sales, which declined two percent to around 51 billion euros, while operating profit dropped three percent to 3.3 billion euros. The VW brand itself saw operating profit fall to 1.01 billion euros during the first six months of the year from 1.49 billion euros a year ago.
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US auto sales sizzle in July, helped by discounts – Yahoo News

Industry sales were expected to rise 11 percent to nearly 1.5 million, according to car buying site Generous summer discounts helped boost sales. Automakers typically offer deals in the summer to clear out inventory before cars from the new model year arrive in the fall. But July’s discounts were unusually high. Incentives rose 8 percent or $216 per vehicle over last July, according to Jesse Toprak, chief analyst for the car shopping site
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South Africa athlete Pistorius’ brother badly injured in car crash – Yahoo News

But in segments like the CLA and GLA, Arlington could lead our other Mercedes-Benz stores. One of the messages the dealership hopes to get out probably on Twitter is that some of its vehicles are as affordable as loaded Honda Accords or Ford Fusions. Before people consider a $35,000 domestic vehicle or a Honda or Nissan, we want them to come see us, said Elgaghil, a 14-year veteran of Park Place Dealerships and currently general sales manager at Park Place Motorcars. The dealership, of course, expects to attract a wide range of customers. But it will skew fairly young, Schnitzer said.
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