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By Andrew Nabors –  February 08, 2021

Fast Financials 2021: Tesla Pushes Bitcoin To New Heights

While SpaceX Starship SN10 began fuel tests, Elon Musk announced big news for cryptocurrency. In our latest Fast Financials for 2021, Tesla has pushed Bitcoin to new heights. Reuters broke the news this morning that Tesla Motors had purchased $1.5 billion in Bitcoin. Given the current trends, this is a great investment. It coincides with their announcement that the brand will begin accepting it for payment. Over the past few hours, the price of one coin has surpassed $44,000. The tail wags the dog, as Tesla's investment was the impetus for today's rally. Click the button to find your Tesla and tell us your Bitcoin experience in the comments below. Browse Tesla For Sale Bitcoin Chart by TradingView Image (C) Tesla. Ticker (C) Tradingview.com

By Andrew Nabors –  January 27, 2021

Fast Financials 2020: BMW's Free Cash Flow Beats Market E...

While many brands took a hit during the lockdown, BMW's Free Cash Flow beats market estimates. In their latest Ad-Hoc announcement, we learn how they turned lemons into lemonade. For starters, the outbreak caused many owners to stay at home, so less warranty work means money saved. Chinese buyers made strong down payments, injecting even more cash. Parts inventories were also streamlined to keep fewer valuable items on the shelf. This allowed their Free Cash Flow for Q4 to be € 2.8 billion, or 1.3 billion Euro more than Q4 2019. Our main Fast Financials will show you how BMW bounced back! Browse BMW For Sale BMW Chart by TradingView Ticker (C) TradingView.com, Image (C) BMW USA

By Andrew Nabors –  January 11, 2021

Fast Financials 2020 Q4: Mercedes-AMG Achieved Record Growth

Luxury brands seemed to take a hit last year, but in our latest Fast Financials, we see that Mercedes-AMG achieved record growth. Despite all the adversity faced in 2020, Mercedes-Benz USA only saw a drop of 8.9% in combined sales of commercial and passenger vehicles. The shining star in the portfolio was the unprecedented growth of their high-performance brand. Our friends at TradingView offer this real-time tracker for their parent-company Daimler. Daimler Chart by TradingView In the final quarter, the Mercedes-AMG brand moved 11,128 units, a YTD increase of 29.1%. In total, they delivered 34,079 powerful examples of German engineering, their best year so far. Non-AMG sales were led by the GL-Class SUVs. The GLA and GLB accounted for over 25% of SUV sales, led by the front-runner GLC followed by 2nd place GLE. Production of the new S-Class for sale is just ramping up, so stay tuned for a strong year from our dealers. Click the button below to find one near you. Browse Mercedes-Benz For Sale " width="680"> Image (C) Mercedes-Benz USA

By Andrew Nabors –  January 06, 2021

Fast Financials 2020 Q4: BMW Bounces Back

Taking a hit early on in the game can be saved with a perfect Hail Mary, and that is what we see in our latest Fast Financials. BMW bounces back in the final quarter of 2020 to offset Covid losses earlier in the year. Compared to Q4 of 2019, sales were only down by 2%, more than many automakers could pull off. BMW Opens 3D Printing Campus In Munich BMW Chart by TradingView The real hit came early in the year, as the assembly plant in Spartanburg, South Carolina was closed to protect the workers. This caused the total 2020 deliveries to be down by 17.5%, with 278,732 cars compared to the 338,003 sold in 2019. Being able to get back in the saddle is tough for such a big brand, so we applaud them for continuing to build "The Ultimate Driving Machine". Click the button below to find yours. Browse BMW For Sale Image (C) BMW

By Andrew Nabors –  January 04, 2021

Fast Financials 2020 Q4: Tesla Fully Charged

With nearly half a million deliveries in 2020, let's take a look at Tesla Fully Charged. Their Q4 press release hit our inbox last night, and the numbers are as impressive as ever. To make the accounting process easier, the four models are grouped by their platform. Production of the Model S and Model X reached 54,805, while the smaller Model 3 and Model Y topped a staggering 454,932 cars. EveryDrive Carry: Charged Up With The Tesla Model 3 That's right, they built 509,737 cars last year while also contributing to Covid relief efforts. With such a "S3XY" lineup, our dealers have great offers waiting for you. To watch how the market reacts to this strong news, TradingView provides the best real-time tracking. Stay with us for all your industry news. Browse Telsa For Sale TSLA Chart by TradingView Image (C) Startech.de

By Andrew Nabors –  November 05, 2020

Fast Financials 2020 Q3: GM Publishes Strong Performance

When GM decided to stop building sedans in favor of updated trucks, the media backlash was severe. The death of the Regal, Impala, Malibu, and others was criticized by many as the end of an era, but it has allowed them to rebuild Hummer and finally offer a mid-engine Corvette. As seen in their most recent press release, GM has published strong performance for the 3rd quarter. GM Chart by TradingView Top 10 Best 2022 Hummer EV Facts and Features Rebounding from the hit everyone took when the virus fears sunk in, CEO Mary Barra and her team went back to basics. Spurred by heavy investments to modernize assembly plants and praise of the new Corvette, we see a 74% increase in income YTD. With revenue of $35.5 billion, they have $9.9 in cash flow and an income of $4 billion. This equates to $2.78 earning per share versus the same time last year. Click here to view the complete press release with GAAP numbers, then click below to find a new Corvette for sale. Stay with us for more Fast Financials here at duPont REGISTRY. Browse New Corvette For Sale " width="680">

By Edward Jones –  June 29, 2017

McLaren Automotive Celebrates Four Years of Profit, On Tr...

McLaren has announced today, June 29, 2017, four consecutive years of success and profit. in 2016, a record 3,286 McLaren cars were sold. That amount of sales is a 70% increase in profit before tax. This is just one of the many positive numbers that McLaren has put up between 2015 and 2016 years of operation.“The positive financial performance in 2016 was underpinned by a 44% increase in sales revenues and is further proof that McLaren Automotive’s growth plans are both achievable and sustainable,” said McLaren Automotive Chief Executive Officer, Mike Flewitt. ”Investment in R&D and future product during the period of £129.1M – 20% of turnover – reaffirms our commitment to the Track22 Business Plan that will produce 15 new models or derivatives by the end of 2022 and the focus going forwards will be on successfully delivering these new products and managing continued profitable growth.”In 2016, North America was McLaren's largest market, with 1,139 cars out of the total 3,286 being delivered across the continent. That amount is a 106% increase over 2015, thanks to the Sports Series (570GT and 570S), which accounted for 2,031 deliveries.Below is a breakdown of McLaren's performance from 2015 to 2016. 2016  2015 % change Deliveries to customers Cars 3,286  1,654 99% Employed People 1,606  1,492 8% Sales revenue Million GBP 649.8  450.6 44% Operating profit Million GBP 65.8  23.5 180% Operating profit as % of sales 10%  5% Profit before tax Million GBP 9.2  5.4 70% Profit after tax Million GBP 7.3  2.8 161% Capitalised development costs Million GBP 129.1  123.9 4% Capitalised investments as a % of T/O 20%  27%

By Edward Jones –  March 24, 2017

Porsche Gives Every German Employee Massive Bonus

The year 2016 was a fantastic one for the German automaker Porsche, and they're celebrating by giving their employees at their German sites a massive bonus.According to welt.de, Porsche is giving their employees at their German locations a €9,111 bonus. This equates to roughly $9.800 USD at the current exchange rate during the publication of this article. Yes, this bonus will be given to EVERY employee, including cleaning crew, engineers, mechanics, production line workers, etc.Welt.de notes that 2016 was a fantastic year for Porsche, with the company seeing a 10% increase in profitability. For comparison's sake, in 2015, Porsche gave their employees a €8,911 bonus and in 2014, Ferrari gave their employees a €4,096 bonus.I want to take this time to congratulate Porsche on their success and their employees for doing a fantastic job.

By Edward Jones –  December 02, 2016

McLarens Now Covered Up to 12 Years

Have a McLaren that you want to protect for over a decade? The English automaker has your back. Announced in a press release issued today, December 2, McLaren will now allow for their Extended Warranty to be renewed up until the car's 12th birthday. This announcement comes after the fact that more than 3,000 McLaren vehicles have passed their third birthday. This change to the policy used to only cover the car up until its 7th birthday.(Related - McLaren P14 Spied on the Road)The McLaren Extended Warranty will cover a majority of factory-fitted components, giving customers peace of mind when daily driver their supercar. This warranty also comes with unlimited mileage cover, roadside assistance in certain markets and, " in the event of claim, guaranteed use of McLaren Genuine Parts fitted by fully trained McLaren technicians."Carl Whipp, Aftersales Director at McLaren Automotive commented in the press release:  “Owners want the reassurance that their car will still be looked after to the same standards with which it was built.  And they want to continue to enjoy their McLaren without worry.  Sometimes daily.  It’s for them that we launched the Extended Warranty and now with this further enhancement to the coverage period, it will continue to give complete peace of mind … right up to the car’s 12th birthday.”This is what items are specifically excluded from the McLaren Extended Warranty: General maintenance, scheduled servicing, and routine adjustments required by normal wear and tear and/or recommended by McLaren Automotive Limited, including any replacement parts and assemblies or other materials (including but not limited to, spark plugs, wiper blades, bulbs, filters, belts, coolant hoses, brake pads, lubricants, fluids, and filters) used in such services and adjustments Batteries, tires, wheels, wheel balancing or alignment Paintwork, trim and upholstery or the deterioration of any other part, assembly or component as a consequence of wear and tear or exposure to the elements After market accessories or non-original equipment, components and systems not installed by a McLaren Retailer are specifically excluded from the coverage Any damage caused to any components by the use of incorrect or contaminated fuel The renewal of any clutch component due to incorrect adjustment, misuse or general wear and tear Water Ingress Software upgrades (unless part of a valid repair).  All McLaren For Sale

By Edward Jones –  November 29, 2016

BMW Investing €500 Million Into Startups and Technology

BMW is looking to the future with a major investment in startup companies and new technology. In a press release issued today, BMW Group announced that they are creating a venture capital fund of up to 500 million euros over the course of ten years.The investment was done to make BMW i Ventures able to invest in new technology, like autonomous driving. If you're unfamiliar with BMW i Ventures, as most are, it was founded in New York back in 2011 with the intent of investing start-ups. With these investments, they are hoping to secure promising start-ups and their technology.“These days, more and more innovations come from the start-up scene. Venturing allows us to tap into this potential at an early stage. To achieve this, we are now giving BMW i Ventures a much broader footing and will expand our involvement in Europe and Asia, as well as at our new location in Silicon Valley,” explained Peter Schwarzenbauer, member of the Board of Management of BMW AG, responsible for MINI, BMW Motorrad, Rolls-Royce and Aftersales, in the press release. “The atmosphere of radical openness and idea-driven exchange that characterises the start-up scene is particularly fruitful for an innovation leader like BMW.”(Related - Most Exclusive BMW Motorcycle, Ever: The HP4 RACE) When BMW i Ventures invests, this is what they say the companies will get:"Outside-in: Minority holdings by BMW i Ventures in the best, most innovative start-ups provide the BMW Group with external access to innovations and secure the company’s role as a technology pioneer.Inside-out: BMW i Ventures not only provides financial support for start-ups, but also contributes internal non-monetary resources or “smart capital”, such as technical expertise and access to the network of an established global player."Is this BMW's attempt to take on companies like Tesla? It may seem like it, but automakers work on these kinds of investments all the time. This time, however, it seems that BMW is focusing on technology that focuses around what we know as future tech, such as autonomous driving. This is definitely an exciting announcement and a step towards the future for BMW.All BMW For Sale

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