Audi Will Gladly Take Your Money Right Now For The e-tron SUV

You can make a deposit right now, but not for all countries.

Audi is about to enter the EV market with its first vehicle. The Audi e-tron SUV will enter production very soon. In fact, according to Automotive News, you can also already make a deposit. However, these potential customers, at least for now, can be from Europe only. The e-tron SUV is a big deal for Audi because it’ll serve as the luxury brand’s first full-on electric vehicle. Its main targets are the Tesla Model X and the also upcoming Jaguar I-Pace. Norway, which is Europe’s biggest EV market, has already contributed some 5,000 orders.

Those buyers were asked to put down a deposit of about 2,000 Euros. The e-tron SUV will be built in Belgium, and Audi dealerships there, as well as in Switzerland and Austria, are also taking reservations. Interestingly, Germany’s Audi dealers have yet to open the reservations book. Nor has China, one of Audi’s fastest-growing markets. Audi says reservations will begin in the near future for those countries but didn’t provide a precise date. The e-tron SUV is said to be capable of a 311-mile range and fast charging, two critical factors needed for premium EVs today. And it’ll be quite powerful with around 496 hp and 590 lb-ft of torque. Expect a brisk 0-62 mph acceleration time of 4.6 seconds and a top speed of 130 mph.

Size wise, it’ll be smack dab in between the Q5 and Q7 SUVs. This particular e-tron is only the first of three. The e-tron Sportback, pictured here, will come next in 2019. The third EV, due in 2020, will be a smaller, more compact vehicle that’ll share a platform with Volkswagen’s also upcoming I.D. hatchback. By 2025, Audi is planning to have 20 electrified vehicles on sale. More than 10 will be full-on electric vehicles as opposed to hybrids or plug-in hybrids. We also recently learned Audi will launch in 2020 the e-tron GT, a four-door coupe that’ll share underpinnings with the Porsche Mission E. There are also plans for a new Audi EV supercar further down the road.

Audi Will Gladly Take Your Money Right Now For The e-tron SUV

You can make a deposit right now, but not for all countries.

Audi is about to enter the EV market with its first vehicle. The Audi e-tron SUV will enter production very soon. In fact, according to Automotive News, you can also already make a deposit. However, these potential customers, at least for now, can be from Europe only. The e-tron SUV is a big deal for Audi because it’ll serve as the luxury brand’s first full-on electric vehicle. Its main targets are the Tesla Model X and the also upcoming Jaguar I-Pace. Norway, which is Europe’s biggest EV market, has already contributed some 5,000 orders.

Those buyers were asked to put down a deposit of about 2,000 Euros. The e-tron SUV will be built in Belgium, and Audi dealerships there, as well as in Switzerland and Austria, are also taking reservations. Interestingly, Germany’s Audi dealers have yet to open the reservations book. Nor has China, one of Audi’s fastest-growing markets. Audi says reservations will begin in the near future for those countries but didn’t provide a precise date. The e-tron SUV is said to be capable of a 311-mile range and fast charging, two critical factors needed for premium EVs today. And it’ll be quite powerful with around 496 hp and 590 lb-ft of torque. Expect a brisk 0-62 mph acceleration time of 4.6 seconds and a top speed of 130 mph.

Size wise, it’ll be smack dab in between the Q5 and Q7 SUVs. This particular e-tron is only the first of three. The e-tron Sportback, pictured here, will come next in 2019. The third EV, due in 2020, will be a smaller, more compact vehicle that’ll share a platform with Volkswagen’s also upcoming I.D. hatchback. By 2025, Audi is planning to have 20 electrified vehicles on sale. More than 10 will be full-on electric vehicles as opposed to hybrids or plug-in hybrids. We also recently learned Audi will launch in 2020 the e-tron GT, a four-door coupe that’ll share underpinnings with the Porsche Mission E. There are also plans for a new Audi EV supercar further down the road.

Audi Will Gladly Take Your Money Right Now For The e-tron SUV

You can make a deposit right now, but not for all countries.

Audi is about to enter the EV market with its first vehicle. The Audi e-tron SUV will enter production very soon. In fact, according to Automotive News, you can also already make a deposit. However, these potential customers, at least for now, can be from Europe only. The e-tron SUV is a big deal for Audi because it’ll serve as the luxury brand’s first full-on electric vehicle. Its main targets are the Tesla Model X and the also upcoming Jaguar I-Pace. Norway, which is Europe’s biggest EV market, has already contributed some 5,000 orders.

Those buyers were asked to put down a deposit of about 2,000 Euros. The e-tron SUV will be built in Belgium, and Audi dealerships there, as well as in Switzerland and Austria, are also taking reservations. Interestingly, Germany’s Audi dealers have yet to open the reservations book. Nor has China, one of Audi’s fastest-growing markets. Audi says reservations will begin in the near future for those countries but didn’t provide a precise date. The e-tron SUV is said to be capable of a 311-mile range and fast charging, two critical factors needed for premium EVs today. And it’ll be quite powerful with around 496 hp and 590 lb-ft of torque. Expect a brisk 0-62 mph acceleration time of 4.6 seconds and a top speed of 130 mph.

Size wise, it’ll be smack dab in between the Q5 and Q7 SUVs. This particular e-tron is only the first of three. The e-tron Sportback, pictured here, will come next in 2019. The third EV, due in 2020, will be a smaller, more compact vehicle that’ll share a platform with Volkswagen’s also upcoming I.D. hatchback. By 2025, Audi is planning to have 20 electrified vehicles on sale. More than 10 will be full-on electric vehicles as opposed to hybrids or plug-in hybrids. We also recently learned Audi will launch in 2020 the e-tron GT, a four-door coupe that’ll share underpinnings with the Porsche Mission E. There are also plans for a new Audi EV supercar further down the road.

Aston Martin Can't Stop Making Money

Is that rumored IPO next?

The financial first quarter of 2018 is over and the results continue to come in from various industries, including automakers. And one automaker in particular continues to stand out, Aston Martin. The iconic UK company has just announced a 3 percent rise in first-quarter earnings before interest, tax, depreciation and amortization. In short, this represents a profit margin of 24 percent on revenues of 185.4 million GBP (roughly $249.3 million). From the beginning of the year through March 31, Aston Martin earned pre-tax profits of 2.8 million GBP, which can be attributed to one main factor:

Soaring demand for the new DB11 twin-turbo V8 and DB11 Volante. Only a couple of days ago did the first all-new Vantage roll off the assembly line, so future profits are looking extremely bright as well. But it’s not just the new Vantage that’ll be bringing home the dough. Over the next few years, Aston Martin will launch the world’s first luxury brand with a lineup consisting of all-electric vehicles. The Lagonda Vision Concept, shown last March at Geneva, was just a preview. To breakdown Aston Martin’s early 2018 sales figures, a total of 963 units were sold, compared to 1,203 during the same period in 2017. Why the slight drop?

Because dealership inventories of older models were sold off while factory work was being done in order to prepare for the launch of the DB11 Volante, Vantage and the also upcoming DBS Superleggera, the successor to the outgoing Vanquish. Already for 2018, the order books have exceeded overall production capacity. Furthermore, the wholesale price per vehicle increased by 11 percent to 160,000 GBP ($215,000) due to customers selecting more options. As part of the company’s Second Century Plan, total product investment has increased to over $91 million, up from about $62 million in the first quarter of 2017.

This can be attributed to increased R&D spending as well as the construction of its new factory in Wales. Given everything, Aston Martin certainly sounds like it’s never been in better financial shape. No wonder it’s been considering an initial public offering (IPO), and we wouldn’t be surprised to see this happen in the very near future.

View the original article here

Audi Will Gladly Take Your Money Right Now For The e-tron SUV

You can make a deposit right now, but not for all countries.

Audi is about to enter the EV market with its first vehicle. The Audi e-tron SUV will enter production very soon. In fact, according to Automotive News, you can also already make a deposit. However, these potential customers, at least for now, can be from Europe only. The e-tron SUV is a big deal for Audi because it’ll serve as the luxury brand’s first full-on electric vehicle. Its main targets are the Tesla Model X and the also upcoming Jaguar I-Pace. Norway, which is Europe’s biggest EV market, has already contributed some 5,000 orders.

Those buyers were asked to put down a deposit of about 2,000 Euros. The e-tron SUV will be built in Belgium, and Audi dealerships there, as well as in Switzerland and Austria, are also taking reservations. Interestingly, Germany’s Audi dealers have yet to open the reservations book. Nor has China, one of Audi’s fastest-growing markets. Audi says reservations will begin in the near future for those countries but didn’t provide a precise date. The e-tron SUV is said to be capable of a 311-mile range and fast charging, two critical factors needed for premium EVs today. And it’ll be quite powerful with around 496 hp and 590 lb-ft of torque. Expect a brisk 0-62 mph acceleration time of 4.6 seconds and a top speed of 130 mph.

Size wise, it’ll be smack dab in between the Q5 and Q7 SUVs. This particular e-tron is only the first of three. The e-tron Sportback, pictured here, will come next in 2019. The third EV, due in 2020, will be a smaller, more compact vehicle that’ll share a platform with Volkswagen’s also upcoming I.D. hatchback. By 2025, Audi is planning to have 20 electrified vehicles on sale. More than 10 will be full-on electric vehicles as opposed to hybrids or plug-in hybrids. We also recently learned Audi will launch in 2020 the e-tron GT, a four-door coupe that’ll share underpinnings with the Porsche Mission E. There are also plans for a new Audi EV supercar further down the road.

Aston Martin Can't Stop Making Money

Is that rumored IPO next?

The financial first quarter of 2018 is over and the results continue to come in from various industries, including automakers. And one automaker in particular continues to stand out, Aston Martin. The iconic UK company has just announced a 3 percent rise in first-quarter earnings before interest, tax, depreciation and amortization. In short, this represents a profit margin of 24 percent on revenues of 185.4 million GBP (roughly $249.3 million). From the beginning of the year through March 31, Aston Martin earned pre-tax profits of 2.8 million GBP, which can be attributed to one main factor:

Soaring demand for the new DB11 twin-turbo V8 and DB11 Volante. Only a couple of days ago did the first all-new Vantage roll off the assembly line, so future profits are looking extremely bright as well. But it’s not just the new Vantage that’ll be bringing home the dough. Over the next few years, Aston Martin will launch the world’s first luxury brand with a lineup consisting of all-electric vehicles. The Lagonda Vision Concept, shown last March at Geneva, was just a preview. To breakdown Aston Martin’s early 2018 sales figures, a total of 963 units were sold, compared to 1,203 during the same period in 2017. Why the slight drop?

Because dealership inventories of older models were sold off while factory work was being done in order to prepare for the launch of the DB11 Volante, Vantage and the also upcoming DBS Superleggera, the successor to the outgoing Vanquish. Already for 2018, the order books have exceeded overall production capacity. Furthermore, the wholesale price per vehicle increased by 11 percent to 160,000 GBP ($215,000) due to customers selecting more options. As part of the company’s Second Century Plan, total product investment has increased to over $91 million, up from about $62 million in the first quarter of 2017.

This can be attributed to increased R&D spending as well as the construction of its new factory in Wales. Given everything, Aston Martin certainly sounds like it’s never been in better financial shape. No wonder it’s been considering an initial public offering (IPO), and we wouldn’t be surprised to see this happen in the very near future.

View the original article here

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