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Finance For Buying A New Car
Tesla is making waves as the only automaker devoted solely to electric vehicles, but once the industry's heavy hitters step in, it's going to be a whole different game.
Herbert Diess, Volkswagen's brand chief, believes the German automaker can beat Tesla at its own game once it settles into its plan to sell a whole bunch of electric cars, the Financial Times reports. "Anything Tesla can do, we can surpass," Diess said in Germany at a press conference.
"Tesla is a competitor we take seriously. Tesla comes from a high-priced segment, however they are moving [to less expensive cars]," Diess continued. "It's our ambition, with our new architecture, to stop them there, to rein them in."
The hope is that Volkswagen will achieve electric vehicle sales of 1 million units by 2025. Volkswagen has already introduced a single EV platform, nicknamed MEB, which will underpin a number of different electric vehicles across its many brands, including Audi and VW itself.
VW already touted the MEB platform's flexibility in the past year as it showed off several different concepts. It started with the ID concept, which is about the size of a modern Golf. From there, it unveiled the ID Buzz concept, which replaced the small hatchback with a larger, minivan-like body. Its latest ID concept, the ID Crozz, took the same platform and adapted it to fit a crossover body. Clearly, it's flexible.
One million EV sales by 2025 is a solid goal, but if Tesla's production ramp-up goes as planned, it won't be enough to claim the crown. With Model 3 production slated to begin later this year, Tesla hopes to boost its assembly volume to 5,000 cars per week later this year and ideally doubling that by 2018. That would put Tesla at 500,000 cars produced per year a full seven years ahead of VW's goal. Of course, that assumes Tesla has the demand to meet those production targets.
Tesla has long been praised for doing things differently to traditional automakers. But now the industry is finally reaching the point where we'll be able to see who can do this whole EV thing better -- the stalwarts, or the upstarts.
Buying A New Car
Let's say that you have a family to transport but also want a car that is ludicrously powerful. In days gone by, that'd be a problem. But now, there's a plethora of sedans on the market that have more than 600 horsepower that can get you and your spawn from point-to-point in record time. No, they aren't all affordable, but they are all fast. Here are some of our favorite fast sedans on the market today.
BMW M6 Gran Coupe Competition Package – 600 HP
A new BMW M5 is on its way, but in the meantime, you can still get your hands on the BMW M6 Gran Coupe, which makes 600 hp with the optional Competition Package. BMW calls this a Coupe, but since it has four-doors, we're still considering it a sedan.
BMW Alpina B7 – 600 HP
Using a heavily reworked version of the twin-turbo V8 found in the BMW 750i, the Alpina B7 puts 600 hp to the road via all four wheels. It's not quite the most powerful 7-Series you can buy, as you'll find out very soon.
BMW M760i xDrive – 601 HP
Not to be done by Alpina, BMW rates its M-badged, V12-powered 7-Series as having 601 horsepower. It's one better than the Alpina. Or, it's four better, if you judge by cylinder count.
Mercedes-AMG E63 S – 603 HP
Here's the car the next M5 will have to beat. The new E63 S makes an astounding 603 hp from its relatively small 4.0-liter twin-turbo V8 and sends it to all four wheels with a clever all-wheel drive system. Bonus: The E63 is offered as a wagon too. Get the wagon.
Audi RS7 Performance – 605 HP
The RS7 has been on the market for quite some time now, but Audi recently updated it with a Performance variant that brings 605 hp to the table via a 4.0-liter twin-turbo V8. That in combination with a quick-shifting eight-speed automatic and all-wheel drive makes the RS7 Performance one of the quickest cars in the world.
Audi S8 Plus – 605 HP
If you want the RS7 Performance's engine in a more subtle package, Audi will sell you the S8 Plus. It might be one of the best sleeper sedans on the market today.
Bentley Continental Flying Spur W12 S – 626 HP
Introduced last year, the Continental Flying Spur W12 S is the fastest Bentley four-door ever made, with a top speed of over 200 mph. With some small tweaks, Bentley managed to squeeze 626 hp and 605 lb-ft of torque out of the Flying Spur's W12 engine.
Cadillac CTS-V – 640 HP
It's a Corvette Z06 with four doors, thanks to its 6.2-liter Supercharged V8, which pumps out 640 horsepower. The CTS-V is also one of the world's fastest sedans, with a 200-mph top speed.
Porsche Panamera Turbo S E-Hybrid – 680 HP
With a hybrid drivetrain influenced by that of the 918 Spyder, the Porsche Panamera Turbo S E-Hybrid cranks out a total of 680 hp and 626 lb-ft of torque. That makes this Panamera good for a 0-60 run of 3.2 seconds and a 192-mph top speed.
Dodge Charger Hellcat – 707 HP
Here's a rare photo of a Charger Hellcat, currently the world's most powerful four-door, not spinning its rear tires. You see, the Charger Hellcat has a tendency to light up the rear because it sends 707 horsepower to a relatively small set of Pirelli P Zeros. Perhaps that's why Dodge is currently testing a wide-body variant.