Porsche's initial public offering has been a resounding success in its first week and a half on the Frankfurt Stock Exchange. After ringing the bell as Europe's largest IPO by market cap, Porsche Group initially saw a small dip before rising to meteoric heights on Thursday with a peak of 84 billion euros at market close. The shares have fallen …
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Porsche Cars North America reports strong Q3 sales growth
Every month there are thousands of new buyers joining the Porsche club, and through the course of July, August, and September Porsche Cars North America ushered 16,581 into their new homes. That's up a massive 8.5 percent over the same period in 2021, as supply chain issues have begun to ease, and customer demand has stayed quite strong. The first …
Continue to the full articlePorsche has issued a recall for 17 years of Cayenne, Panamera, and Macan production
Over 190,000 Porsches released between 2003 and 2020 have been recalled because they could potentially be missing a small part in the headlight system. The piece is called a "horizontal adjustment screw cap" and it could mean that your Porsche has misaligned headlights. The cap is intended to be installed as a stopper to prevent you or your …
Continue to the full articlePorsche seeks up to $75 Billion valuation as IPO nears
Volkswagen announced on Sunday that it would be seeking a valuation of between 70 and 75 billion dollars for Porsche AG in its initial public offering, making this potentially the third largest IPO in European history. Some experts had hinted at an expectation of valuation around $85 billion, meaning this is actually going to be a bit shy of …
Continue to the full articleChampion Porsche won the Porsche Classic Restoration Challenge with this gorgeous 930
This weekend, during Porsche's Sportscar Together Festival at the Indianapolis Motor Speedway, the winners of the Porsche Classic Restoration Challenge were announced. Finalists from each of the three regions were sent to Indy for judging, both by Porsche Cars North America staff, and a separate people's choice ballot was offered for P-car fans in …
Continue to the full articleHere’s how you can watch the launch of the new Porsche 911 GT3 RS live!
The time has come for the world to finally see the next in a long line of exquisite Porsche RS models, as the 992-generation 911 GT3 RS makes its debut on Wednesday morning at 8AM Pacific. If that's something you'd like to follow along with, you can just click the play button on the video linked below while it's live, and you too can see the GT3 RS …
Continue to the full articlePorsche US HQ, Experience Center expansion plans include solar array
As part of Porsche's $50-million expansion at its U.S. corporate headquarters and Porsche Experience Center Atlanta, the automaker will be adding a solar power microgrid and a second driver development track for the public. Today, PCNA and Cherry Street Energy, LLC have announced a 25-year operating agreement that will generate 2,050 MWh of …
Continue to the full articlePorsche nabs another Nürburgring lap record, this time for production electric cars
Porsche holds many lap records at the Nürburgring, including the fastest outright lap with the 919 Hybrid Evo, the fastest street-legal car with a GT2 RS MR, and now the fastest production electric car with a Taycan Turbo S, swiping the record held by Tesla's Model S Plaid for the last few months. Last September Tesla sent Andreas Simonsen to the …
Continue to the full articlePorsche and Piech families seek power in a calmer post-Diess Volkswagen
It should come as no surprise to people who have been following this saga for the last several years, but the Porsche and Piech families want to exert more control over their holdings of the Volkswagen group. Porsche SE owns most of the voting rights within the Volkswagen Group, and the Porsche and Piech families in turn own most of the voting …
Continue to the full article2023 Porsche Cayenne Coupe spied testing in Colorado
The Porsche Cayenne and Cayenne Coupe models are getting a facelift for the 2023 model year, and our spy photographers have caught it testing in Colorado. As a mid-cycle refresh, don't expect any significant changes to the popular SUV, but it does appear Porsche is changing quite a bit to the interior. The Cayenne and Cayenne Coupe are expected to …
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