Tag Archives: vehicles

News

Porsche sales results in nine months of 2023

After last year’s record sales results, the first half of 2023 brought better numbers that also continued in the third quarter. According to the Porsche AG report, the company recorded a 12.6 percent increase in sales revenue in the nine months of 2023.

“Across all model lines, our vehicles are in high demand worldwide. At the same time, exclusivity and individualization of our products are steadily increasing,” explains Oliver Blume, Chairman of the Executive Board at Porsche AG.

Despite the large investments and other expenses that the company had this year, when it celebrates its 75th anniversary, Porsche is heavily preparing for the premiere of four new models next year. This did not significantly affect the operating profit of the company, which increased by 9.0 percent, but the operating return on sales was lower by 0.6 percent (18.3 percent) compared to the same period in 2022 (18.9 percent).

“We benefit from a robust positioning in key global regions. We have seen above-average growth in Europe, North America as well as in the ‘Overseas and Emerging Markets’ region. Our business model is based on our unique positioning in the automotive industry. Unlike niche luxury manufacturers, we benefit from scaling effects within Porsche and cost advantages due to the cooperation with Volkswagen Group,” said Blume.

In the first nine months of 2023, Porsche delivered 242,722 vehicles, which is an increase of 9.6 percent compared to the same period last year. The electric Porsche Taycan was delivered to 27,885 customers, which is 11 percent more than in 2022. “We continue to benefit from high demand and positive product mix and price effects. We have always clearly exceeded this goal – despite difficult circumstances in the supply chain and sales regions, where development in terms of e-mobility can vary significantly,” he said Lutz Meschke, Deputy Chairman of the Executive Board and Board Member for Finance and IT.

Porsche has high expectations in 2024 as well, when sales revenue is expected to be in the range of 40 to 42 billion euros.

Source: Porsche

News

2024 KIA K5

After almost four years, KIA presented a refreshed version of the K5 model intended for the global market. This car is already available in the South Korean market.

KIA K5 is powered by a 2.0L gasoline engine with 160 hp (118 kW), and a 1.6L turbo gasoline engine with 180 hp (132 kW) is also available. Also, customers will be able to choose between a 2.0L LPI (Liquid Propane Injection) engine with 146 hp (107 kW) and a 2.0L engine with 152 hp (112 kW) combined with an electric motor (38.6 kW) for a total power of 204 hp (151 kW).

The car will be offered in two body colors, Wolf gray and Moonscape matte gray, and the exterior design will not differ much from its predecessor. The front and rear lights have been redesigned like those on the electric models, there is also a new front bumper with larger intakes, new tailpipes, but also newly designed rims in sizes from 16″ to 19″.

The interior of the new Kia K5 has undergone several changes. There are two curved screens on the dashboard, the gear lever has been replaced by a small rotary controller, and the car has also received a fingerprint sensor positioned on the center console. There’s also a new head-up display, added soundproofing material and more support for over-the-air upgrades, as well as better high-resolution cameras.

Source: KIA

Gallery:

2024 KIA K5
Auctions

Lando Norris’s 1972 Fiat 500 Jolly Evocation is up for sale

Lando Norris is a British-Belgian motorsports racing driver, who entered the world of Formula 1 at the Australian Grand Prix in 2019. This 24-year-old has so far driven 100 races in which he achieved 1 pole position, 12 podiums and 5 fastest laps in Formula 1. He is currently a member of the McLaren-Mercedes team and although he earns a lot of money (£16m/$20m a year), many expected the first car he bought to be some super powerful sports car, but that is not the case. With his first earnings he bought a 1972 Fiat 500 Jolly Evocation.

The car is based on the Fiat 600 Jolly, and legend has it that Gianni Agnelli wanted a car that could fit on the back of his 82ft yacht, and the result is this car. The Gia company produced only 650 copies of this model, and Lando’s is unfortunately not original. However, Lando didn’t mind so he bought a car and also let his friends drive it.

This Fiat 500 Jolly Evocation is powered by a rear-mounted 499cc air-cooled 2-cylinder engine paired with a 4-speed manual transmission, controlled by a floor-mounted shifter with a wicker gear knob. The car has only 36,539 kilometers on the odometer, and is now looking for a new owner.

The auction will take place between October 26 and 31, and the estimated value of the car is between £28,000 and £33,000.

Source: Car and Classic

Gallery:

Lando Norris's 1972 Fiat 500 Jolly Evocation is up for sale