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Tuesday, March 16th 2010

All the latest news from Porsche

V6 engine coming to the Porsche Panamera

Probably not on many company car lists, the Porsche Panamera was launched in 2009 with a single engine option, an incredible 4.8 litre V8. However, in a bid to further expand the popularity of the Grand Tourer the German Manufacturer is introducing a new (and cheaper) 3.6 litre V6 engine into the mix. This move [...]

Model update: Porsche 911 Turbo S

The engineers at Porsche have developed the new 911 Turbo S in response to customer demand for greater power, performance and driving dynamics. Building on the success and reputation of the revered 911 Turbo, at the heart of this most exclusive high-performance athlete is a six-cylinder ‘boxer’ engine boosted by two turbochargers with variable turbine [...]

Volkswagen takes 49.9% stake in Porsche AG

Volkswagen Aktiengesellschaft has today taken a 49.9 percent stake in Porsche AG. The next important step on the way towards the integrated automotive group with Porsche has therefore been completed, as announced, before the end of the year. The price for the stake is €3.9 billion and is based on the enterprise value for Porsche [...]

Volkswagen Supervisory Board approves Contracts of Implementation relating to comprehensive agreement with Porsche

The Supervisory Board of Volkswagen Aktiengesellschaft took a further important step towards the creation of an integrated automotive group with Porsche at its meeting today when it approved the contracts of implementation negotiated by all the parties which set out the details of the previously-concluded comprehensive agreement. The Supervisory Board of Porsche Automobil Holding SE will [...]

Porsche 911 evolution competition challenges enthusiasts

Porsche is inviting enthusiasts to test their knowledge of the marque and identify specific Porsche 911 sports cars purely by their distinctive engine sounds. To celebrate the launch of the new Evolution 911 course at the Porsche Experience Centre, Silverstone, enthusiasts can log on to www.porsche.co.uk/competition and try their hand – or should that be their [...]

Introducing the new Porsche Boxster Spyder

Porsche is introducing a new, lightweight version of the mid-engined Porsche Boxster roadster at the Los Angeles Auto Show in December, the distinctive styling and technical specification of which represents the true, purist form of the Porsche sports car – light, powerful, open-roofed, and very efficient. This is precisely the formula already applied in creating the [...]

Hankey and Meadows win Carrera Cup GB Scholarship

Euan Hankey and Michael Meadows have been selected from six young racing driver finalists as the winners of the 2010 Porsche Carrera Cup GB Scholarship Programme. The two winners of the coveted scholarship, now in its second year, will receive £50,000 from Porsche Cars GB to use as a significant element of their budget for the [...]

YouDrive@Porsche launched succesfully

On Saturday 10 October, a group of 70 drivers and their partners arrived at Silverstone to put themselves and their own cars to the test at the bespoke Porsche Experience Centre facility for the launch of the first YouDrive@Porsche course offered by Porsche Cars GB. YouDrive is a fun and action-packed half-day programme for drivers of [...]

Porsche 911 road test

Porsche’s enduring supercar offers everything from plain old rapid to downright amazing. Forty five years of honing the 911’s abilities has resulted in a car that is as near to perfection as you can get for a road car. Buying a 911 is about one of the safest car purchases you can make. Yes, [...]

Porsche chief heads towards showdown

Wendelin Wiedeking, Porsche chief executive, will this week face a boardroom showdown that could end the debt-ridden carmaker’s independence and his career as one of the world’s highest-paid managers. At a supervisory board meeting on Thursday, Mr Wiedeking will present a rescue proposal for Porsche that envisages an investment by the Qatar Investment Authority. But his [...]

Qatar to pump €5bn into Porsche

Porsche’s owners aim to relieve the sports car maker almost completely of its large net debt load, it emerged on Wednesday, as the family members were striving to find a face-saving solution in their hefty row over a bail-out of the ailing company. Sources close to the family told FT.com that the Porsche and Piëch [...]

Porsche’s owners poised to settle feud

Porsche’s family owners are poised to settle their feud over a rescue of the ailing German sports car maker with a compromise deal that would wipe out almost all its net debt. People close to the situation told the Financial Times that the Porsche and Piëch families, which co-own the sports car maker, were working [...]

Porsche at the 2009 Goodwood Festival of Speed

With an unbeaten record of 16 victories in the Le Mans 24 Hours race, the reputation of Porsche has been founded on success in the high speed, high pressure motor sport environment. This year marks the 40th anniversary of the Porsche 917, the first Porsche to win Le Mans outright, and it is therefore appropriate [...]

Poor US jobs data hit carmakers

The auto industry was one of the biggest losers yesterday as worse-than-expected US employment data sapped market confidence. German carmakers fell sharply after reporting that sales continued to plummet in the important US market. Porsche said sales fell 62 per cent year on year in June and its share price fell 3.9 per cent to [...]

Porsche and VW are spinning out of control

The increasingly bitter Porsche-Volkswagen saga seems to raise two fundamental questions. The first is who will ultimately take over the other. The second is who do you believe and who do you not. In both cases, unfortunately, it is still too hard to tell. A month or so ago, it looked as if the two sides [...]

Porsche Cayman 2.9-litre road test

The Cayman fits neatly between the Boxster and the 911 in Porsche’s model range, or it would do if it weren’t for the more powerful and slightly more expensive Boxster S. So where does that leave the hardtop-only Cayman with no ‘S’? Might it be superfluous to the Porsche sportscar line-up? Porsche Cayman lease prices [...]

Porsche profits up as Volkswagen stake increases

Carmaker Porsche saw its pre-tax profits dramatically increase between August 2008 and January 2009 as the carmaker increased its stake in Volkswagen. Porsche Automobil Holding SE, Stuttgart has posted profits before taxes of €7.34 billion through this six month period; compared with €1.66 billion in the same period of the previous year. Porsche attributes much of this [...]

Porsche secures ten billion euro credit line

Porsche has announced it has secured a €10 billion loan believed to be to pay for its shares in Volkswagen. The luxury carmaker is now the majority stakeholder in Volkswagen, the most successful European car manufacturer. Porsche Automobil Holding SE, Stuttgart said in a statement that it had finalised negotiations to secure the new credit facility of [...]

New 911 GT3 To Be Revealed By Porsche

If you are a user-chooser and looking for a new high powered supercar then this may be what you are looking for – Porsche has announced that it is to unveil the 911 GT3 at the Geneva Motor Show on March 3 2009 and the luxury car maker has confirmed that the latest 911 GT3 [...]

Porsche Hit by Downturn

Luxury car-maker Porsche cannot extend the downturn as the German manufacturer has had to scales back worker hours. In the first six months of the current year of business 2008/09 (1 August 2008 – 31 January 2009), sales have fallen. This has shown a decrease in revenues according to provisional figures of 14.3 per cent to [...]

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