Tag Archives: Annual

Motorsport

Porsche Flagship EV Will Have All-New Interior And Automated Driving Functions

Porsche recently held its Annual General Meeting in 2023 to discuss its performance last year, with a 2.6 percent increase in car deliveries to 309,884 units. During the meeting, Porsche expressed its strong commitment to electric vehicles (EVs), aiming for over 80 percent of its sales to be battery-powered EVs by 2030. While the transition will take time, the luxury German brand has already unveiled its plans for the next few years.

The first EV to follow in the footsteps of the Taycan is the next-generation Macan, which will be entirely electric and set to go on sale in 2024. Originally planned for this year, its launch was delayed due to software issues. Porsche CEO and Volkswagen Group chairman, Oliver Blume, revealed that the electric-only Cayenne will closely follow the Macan, likely hitting the market in 2026. Similar to the current gasoline version, the electric Cayenne will be produced in Bratislava, Slovakia.

Going beyond the Cayenne, Porsche has plans for a larger, unnamed SUV that will target China, the United States, and other profitable markets. Blume described this upcoming model as a “new vehicle concept” that will deliver impressive performance and a new interior experience. Moreover, it will incorporate advanced automated driving functions. Codenamed K1, this high-end EV is expected to have three rows of seating and feature a completely different exterior design compared to previous models. Rumors suggest it will be a hybrid of a sedan and a crossover, stretching over five meters (196.8 inches) in length. The K1 will be based on the future Scalable Systems Platform (SSP Sport), a derivative of the Volkswagen Group’s upcoming Scalable Systems Platform.

Notably absent from the discussion was the iconic Porsche 911. While the company plans to introduce a hybrid version before 2030, an all-electric 911 is not expected during this decade. Porsche intends to continue selling the 911 with combustion engines for as long as possible. Additionally, Porsche is investing in the development and production of synthetic fuels, which could extend the lifespan of the rear-engined sports car.

Featured

Rolls-Royce Recognizes Outstanding Dealers with Annual Awards

Rolls-Royce Motor Cars recently celebrated its annual World Dealer Awards, a combination of virtual and in-person events, to honor its dealer partners for their exceptional contributions to the brand’s success in 2022. These awards acknowledged dealers’ achievements across various business objectives and accomplishments, including Global Dealer Awards and Regional Awards. The winners were announced during a ceremony that reflected the sophistication and elegance synonymous with the brand.

The event highlighted the announcement of the “Global Dealer of the Year” award, which was shared by Rolls-Royce Motor Cars London and Rolls-Royce Motor Cars Philadelphia. The “Sales Dealer of the Year” recognition went to Rolls-Royce Motor Cars Beijing Jinbaojie, while Rolls-Royce Motor Cars AGMC received the “Ownership Services Dealer of the Year” award. Rolls-Royce Motor Cars Tokyo was honored with the “Provenance Dealer of the Year” award, and Rolls-Royce Motor Cars Munich received the “Bespoke Dealer of the Year” distinction. The “Whispers Dealer of The Year Award” was triumphantly claimed by Rolls-Royce Motor Cars Brisbane, and the “Social Media Award” went to Rolls-Royce Motor Cars Hangzhou.

The awards ceremony not only celebrated the dedication and efforts of Rolls-Royce’s global partners but also marked a significant year for the brand. In a first-time achievement, Rolls-Royce delivered over 6,000 motor cars in a single year. Additionally, 2022 saw remarkable success in Bespoke commissions, with the brand’s Bespoke Collective at Goodwood producing a variety of uniquely imaginative and technically audacious creations. The 2022 Rolls-Royce Global Dealer Awards served as a triumphant conclusion to this successful year, as they acknowledged and appreciated the crucial role of the brand’s dealer partners and reaffirmed Rolls-Royce Motor Cars’ commitment to its heritage of luxury, performance, and customer service.

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RollsRoyce

Rolls-Royce Announces Global Dealer Awards

  • Rolls-Royce Motor Cars presents its annual Global Dealer Awards to dealer partners from across its worldwide network
  • The awards recognize outstanding contribution to the marque’s success during 2022
  • Categories reflect a range of business objectives and achievements
  • Global Dealer Awards complemented by a range of Regional Awards

“Our dealer partners are an integral part of our worldwide Rolls-Royce family: it is impossible to overstate the crucial role that they play in our global success. Their local knowledge and insights, professional expertise and hyper-personalized client engagement is central to the experience we offer our clients as a true House of Luxury. It is with enormous pleasure that I present these awards, which recognize and celebrate our dealer partners’ outstanding achievements and invaluable contribution in 2022. My sincere thanks and congratulations to all the winners whose unstinting commitment inspires greatness in us all.”
Henrik Wilhelmsmeyer, Director of Sales and Brand, Rolls-Royce Motor Cars

Rolls-Royce Motor Cars presents its annual World Dealer Awards today in a series of virtual and in-person events.

The awards recognize and celebrate individual dealer partners’ outstanding contribution to the marque’s worldwide success in 2022. Global awards are presented in categories based on a range of business objectives and achievements, together with a number of regional awards.

The global awards, presented by Henrik Wilhelmsmeyer, Director of Sales and Brand, Rolls‑Royce Motor Cars, were as follows:

  • Global Dealer of the Year (joint winners):

Rolls-Royce Motor Cars London
Rolls-Royce Motor Cars Philadelphia
  • Sales Dealer of the Year:

Rolls-Royce Motor Cars Beijing Jinbaojie
  • Ownership Services Dealer of the Year:

Rolls-Royce Motor Cars AGMC
  • Provenance Dealer of the Year:

Rolls-Royce Motor Cars Tokyo
  • Bespoke Dealer of the Year:

Rolls-Royce Motor Cars Munich
  • Whispers Dealer of The Year Award:

Rolls-Royce Motor Cars Brisbane
  • Social Media Award:

Rolls-Royce Motor Cars Hangzhou

The awards reflect a momentous performance in 2022, which saw the marque deliver for the first time in its history more than 6,000 motor cars in a single 12-month period. It was also a landmark year for Bespoke commissions, with some truly magnificent, imaginative and technically audacious creations created by the Bespoke Collective of designers, engineers and craftspeople at the Home of Rolls-Royce at Goodwood.

Citreon

CITROËN WINS SUSTAINABILITY INITIATIVE PRIZE AT AUTO TRADER NEW CAR AWARDS 2023

  • Citroën has been awarded the Sustainability Initiative prize at the 7th annual Auto Trader New Car Awards.
  • The Sustainability Initiative category is judged by independent experts from the Carbon Literacy Project.
  • The judges praised Citroën’s commitment to sustainability, which includes educating its staff on sustainability and environmental issues and ensuring sustainability is incorporated into business decisions.

Citroën has been named the winner of the Sustainability Initiative category at the Auto Trader New Car Awards 2023. The judges commended Citroën’s active involvement in the Carbon Literacy Project, as well as the innovative Ami 100% Electric quadricycle and Oli concept vehicle.

The Oli concept vehicle, introduced by Citroën last year, is made from 100% recycled materials and features a 40kWh battery with a range of 248 miles (WLTP). Oli’s parts can be reused and recycled throughout its lifespan. The seats are constructed simply and use 80% fewer parts than usual. The body panels are made from an innovative corrugated honeycomb recycled cardboard reinforced with polyurethane resin, making them as strong as conventional panels but 50% lighter. The development of Oli focused on simplicity and reduced weight, resulting in a smaller battery and fewer resources required to travel the same distance.

The Citroën Ami 100% Electric is a modern mobility solution and a sustainable response to environmental challenges in cities. The Ami 100% Electric produces zero emissions and has a 5.5kWh battery that can be fully charged in just four hours, providing a range of up to 46 miles (WLTP). There is also the option of the My Ami Cargo, which has a payload of up to 140kg, a maximum load capacity of 400 litres, and a tight 7.20m turning circle, making it ideal for businesses in urban areas.

Erin Baker, Editorial Director at Auto Trader, said that creating repairable, reusable, and recyclable products is crucial for decarbonizing the automotive industry, and Citroën has demonstrated this with the Ami and Oli. The judges were impressed with Citroën’s commitment to sustainability, which includes educating staff on sustainability and environmental issues and ensuring this commitment is reflected in all business decisions.

Greg Taylor, Managing Director of Citroën UK, commented that the company’s commitment to sustainability has been recognized at the Auto Trader New Car Awards. Citroën believes that the future of efficient and sustainable urban mobility lies in doing things differently, as shown by the Oli and Ami 100% Electric.

In the Auto Trader Awards, 20 out of the 23 categories were determined by 220,000 UK car owners who shared their thoughts and opinions on the cars they own. However, the Sustainability Initiative award was judged by independent experts from the Carbon Literacy Project, an organization that promotes understanding and action on climate change.

For more information on the Auto Trader New Car Awards 2023, visit: https://www.autotrader.co.uk/cars/new/awards

Volkswagen

Volkswagen shareholders formally approve actions of Board of Management and Supervisory Board and adopt resolution on dividend for 2022

At the Annual General Meeting of Volkswagen AG, the shareholders voted by a majority of 99.99 percent to approve the recommendation of the Board of Management and the Supervisory Board to increase the dividend for fiscal year 2022 to EUR 8.70 per ordinary share and EUR 8.76 per preferred share. This corresponds to a payout ratio of 29.4 percent and an increase of EUR 1.20 per share, which is significantly higher than previous year’s payout ratio of 25.4 percent.

At the beginning of January Volkswagen also paid out the special dividend from the successful IPO of Porsche AG in the amount of EUR 19.06 per ordinary and preference share.

The resolution on the formal approval of the members of the Board of Management and the Supervisory Board who held office in fiscal year 2022 was passed.

Dr Günther Horvath was elected to the supervisory board, succeeding the late Dr Louise Kiesling. Dr Wolfgang Porsche and Marianne Heiß were elected to the board for a further term of office. In addition, the adjustments to the remuneration of the Executive Board and the Supervisory Board were approved.