In Porsche's last full fiscal year they reported more profit than revenue. A fiscal impossibility you say? Not so, if you're playing in the world of high finance and derivatives. Then, as early as this past April it looked like Porsche was poised to do it again. In a statement released this spring, Porsche posted profits before taxes of EUR …
Continue to the full articleDealer Launch of the Porsche Panamera Courtesy of Hilton Head Porsche
With the North American launch of the Panamera just weeks away (slated for the Rolex Monterey Historics), Porsche took time in the month of July to introduce their dealer network to the new four-door flagship and they did so in style. Dealer owners, and/or their representatives, were treated to a five day excursion to the Cote D' Azure (that's the …
Continue to the full articleWith Friends Like These, Who Needs Enemies??
Here's a headline that got my attention, "Woman attacks 'ex-friend' with his own Porsche!" Found in the Dayton Daily News, the article goes on to detail an account of an apparently jilted lover who didn't like the fact that her married "ex-friend" was now in the company of another, younger woman. Police were called to a parking lot in Piqua, OH …
Continue to the full articleThe End of an Era
For what seems like months, stories have burned up the wires about the future of Porsche and Wendelin Wiedeking, its well paid CEO. Rumors of Wiedeking's imminent departure became reality after nearly two decades of triumphant rule turned tragic through a series of financial missteps and market maneuvers. Had his plan worked, we would have seen …
Continue to the full articleHigh Performance Driver’s Education Insurance
For anyone that's ever participated in a DE (Driver's Education) event or other High Performance Driving Event (HPDE) with your Porsche (or any car for that matter) you may or may not have been aware of the fact that your typical automotive insurance policy most likely has exclusions for these type of affairs. In fact, most auto insurance …
Continue to the full articlePorsche Wins in ALMS! Left Bruised and Bleeding in Grand-Am.
It was an exciting, busy and frustrating few days for Porsche Motorsport fans this weekend here in the States. The ALMS North East Grand Prix at Lime Rock on Saturday and the Grand-Am Porsche 250 at Barber Motorsport Park on Sunday combined to provide more than five hours of live action racing. The apparently unstoppable and dynamic duo of …
Continue to the full articleHas Porsche Lost Their Independence?
Quite a few reports out over the last few days that Porsche is no longer an independent company. The latest crop of rumors sprout from a report in Der Spiegel that VW/Piech has completed a reverse takeover and purchased the sport car manufacturing division, Porsche AG, of Porsche SE (and in doing so purchased the option to purchase themselves) yet …
Continue to the full articlePorsche PDK’s Split Personality
I've spent some time with Porsche's PDK in the past, but never quite in the way that Porsche prepared for us at their PDK push in Birmingham, Alabama. After two days of varying driving conditions, on both road and track, I needed to take everything I thought I knew and felt about PDK and toss it out the window. Here's the thing, if you haven't …
Continue to the full articlePorsche Motorsport Newsletter 2009: Volume 6
With Porsche competing in upcoming races in both the ALMS and Grand-Am this weekend, there's quite a bit going on. Borgmeister and Long are looking for their fourth 2009 GT2 win and a chance to extend their point lead. While over in the Grand-Am world Dirk Werner and Leh Keen look for their fifth win in the GT class in their Porsche GT3 Cup car, …
Continue to the full articlePorsche on Porsche Violence
It simply isn't safe to drive a Cayenne in the streets of Russia anymore! You obviously can't trust the criminals; you've lost what little faith you had in your own police; now, you can't even trust other Porsche drivers. The video below might take a second to start up, but stay with it. Almost as interesting as the subject of the video …
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