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Ed Wallace

The Epilogue to Capitalism

Once in a blue moon I’m asked to comment on a problematical automotive subject. In early 2005 it was in Detroit with the executives running GM discussing ways to improve their business. That day I also warned GM’s top executives that if their sales fell below 25 percent of the total market, then the business media would start writing non-stop that GM would likely end up in bankruptcy. And that would become a self-fulfilling prophecy.

Ed Wallace

Volkswagen’s Game of Thrones Pt. 3

It’s when they’re facing the greatest financial peril that the two Porsche family clans seem to get along best, and 1993 was just such a time. The year did not start well for the Volkswagen Group; massive losses at Porsche dictated a new CEO, Wendelin Wiedeking, while Ferdinand Piech would take the reins at the VW Group. Things were so bad that Piech quickly instituted huge pay cuts and three-day workweeks just to keep his VW workforce intact. He stole a top executive from GM to fill in a weak spot over at Audi; and now he’d set his sights on the man he wanted beside him while he remade Volkswagen into a worldwide automotive powerhouse.

Ed Wallace

Volkswagen’s Game of Thrones Pt. 2

One can never overstate the accomplishments of Ferdinand Piech in keeping the Volkswagen empire alive; likewise, his errors in judgment are also legendary in the automotive industry. However, in just 22 years Volkswagen has gone from near bankruptcy to being the world’s second largest automobile manufacturer – and that, too, is a direct result of the vision, focus and arrogance of Ferdinand Porsche’s grandson.

Emma Jayne Williams

Mercedes adds compact crossover with introduction of 2015 GLA

Mercedes-Benz has an all-new five-passenger SUV model for 2015, the GLA-Class compact crossover, which offers three trim levels – 250, 250 4Matic, and 45AMG 4Matic, with prices from $31,300 to $48,300. Mixing attributes of a hatchback and a small crossover, GLA offers a sporty ride, a luxurious, well-finished cabin and a higher drive height.

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