109 years after Dr. Porsche introduced the first fully functional hybrid car, Porsche is again talking seriously about more hybrid technology, including fully electric versions, being injected into their sports car model line-up. Far-fetched you say. Not so fast. As early as just last year Porsche tuner Ruf introduced the Ruf Greenster, while …
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Which is Faster? a Porsche GT3 or Jet Plane?
Here’s a question for you, Which is faster, a Porsche or a plane? In a publicity stunt seemingly pulled from the scripts of SPEED TV’s “Pinks All Out”, The Changi GP Festival (the events leading up the the F1 Grand Prix in Singapore) will attempt to answer the question at Changi Airport. The original story I read, in Singapore’s Straits …
Continue to the full articleForget PDK! What about the Paddle Shifters?
By now, most of you are aware that the recently unveiled Porsche 2010 Turbo not only received a much anticipated facelift, but is also available with their optional double clutch gearbox (PDK). Porsche, however, has a habit of announcing new cars and products that focus on a certain subject while hiding sliding other important information into the …
Continue to the full articleThe Beginning of the End of the Beginning (or something like that).
In an announcement today that surprised few and confused many, Porsche and Volkswagen made news by releasing information about their ongoing merger madness that requires an advanced degree in finance to make heads or tails of the various components. After a number of reads and a bit of research I think things distill down like this: …
Continue to the full articleHow Did They Do That? Oh, Wait. They Didn’t!
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 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 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 to VW: Backoff!
Just moments ago, Porsche Automobil Holding SE released a joint statement from Dr. Wolfgang Porsche, Chairman of the Supervisory Board, and his Deputy Uwe Hück on the Ultimatum by Volkswagen and the State of Lower Saxon (more on the ultimatum after the release): “We trust that as in the past we are planning a successful future together with VW to …
Continue to the full articleGraffiti Tagged Porsches to $1 Billion in Profit.
Busy, busy day today in the world of all things Porsche. Rather than bombard your mailbox with multiple emails I thought I would wrap up today's events in a quick summary and provide links to full-text articles in case you want to dig deeper into any or all of the subjects. Porsche to post $1 Billion in operating profit Despite all the recent …
Continue to the full articleAn Idiot’s Guide to Porsche’s Financial Woes
Like a lot of you, I've been watching the story about Porsche's supposed financial woes with great interest and, at times, even greater confusion. I say "supposed" because up to now, Porsche has been quite quiet on the whole subject. Where does my confusion come from you ask? That's easy. All the rumors, assumptions and conjecture being …
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