In the minds of people, the name AMG stands for two things: performance and winning. It is Mercedes-Benz’s sports car and high performance brand, and a fully owned subsidiary of Daimler AG.
Here’s a bit of history on AMG. It was founded in 1967 by Mercedes-Benz engineers Hans Werner Aufrecht and Erhard Melcher in Stuttgart. AMG is an abbreviation of Aufrecht, Melcher and Großaspach (Aufrecht’s birth town).
It was a dominant weekend for the Mercedes team, with Briton Lewis Hamilton turning his pole position into a race win, finishing 20.5 seconds ahead of the pack. Teammate Valtteri Bottas, who started second on the grid, came in second place. With the win, it moves Hamilton into a 17-point championship lead over title rival Sebastian Vettel of Ferrari, who came in fourth.
Dr. Wolfgang Heinz Porsche turns 75 on 10 May 2018, having spent a monumental 40 years on the Supervisory Board of the sports car manufacturer, starting in 1978. Since 2007, he has been the Chairman of the Supervisory Board of Porsche Automobil Holding SE and Dr. Ing. h.c. F. Porsche AG, having influenced all major business decisions.
Automology’s Philippine correspondent, Harold, believes that the Philippine-China dispute over parts of South China Sea, if resolved amicably, will positively impact the future of the Philippine automotive, transport and power industries.
Recently, the brand new Porsche 911 GT3 RS set another benchmark for road-approved sports cars at the Nürburgring-Nordschleife circuit in Germany. Dubbed the ‘Green Hell’, this circuit is the world’s most demanding race track.
In recent years, investment portfolios have branched out to alternative assets—art, wine, antiques, and yes, even cars. But cars of value that could potentially skyrocket with time are usually of the classic and luxury genres, the likes of which most of use cannot afford. For 99.9% of us, we would never get to sit in a supercar much less own one.