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 …
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Graffiti 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 …
Continue to the full articleFree Tour of the Porsche Panamera and Cayenne Production Lines
Plan on traveling to Germany soon? With production starting in the newly remodeled Leipzig plant of Porsche AG, the facility is once again open to the public for tours. Visitors now have the opportunity to see the all new Panamera rolling off the assembly line prior to the official launch this coming September. Experience the new Porsche …
Continue to the full articleIs Porsche Abandoning Their Plans to Take Over VW
Earlier in the day today Porsche SE released a statement indicating their interest in forming closer ties with Volkswagen AG. The release went on to say that if the proposed plans were adopted, the two automotive companies would join to create an "integrated" car maker uniting 10 brands under one roof. But, and this is a big but, still allowing …
Continue to the full articleRussian SWAT Team Attacks the Wrong Porsche Cayenne
It was not a good day to own a black Porsche Cayenne in Russia this week. Imagine for a moment that you had the good fortune to overcome the odds, make a few Rubles and enjoy a slice of the good life by purchasing your very own Porsche Cayenne. Now imagine you're sitting in traffic, minding your own business, when your world is suddenly turned …
Continue to the full articlePorsche Family Loses Yachts and Memories in Devastating Fire
A yacht designed a built by Ferdinand Porsche in 1947, the Sia, was destroyed in a fire that swept through an exclusive Austrian marina last Friday night. Hans-Peter, Porsche's grandson had the boat fully restored in 2006. A total of 14 Yachts were lost in Friday's fire Porsche confirmed the loss in a statement to Germanany's Bild am Sontag. …
Continue to the full articleTwo Weeks and Two Debuts
Over the next two weeks Porsche will unveil two highly anticipated models. This week, at the NY Auto Show, the U.S. public will see the new 194 MPH Porsche GT3 prior to it's arrival in showrooms this fall. Fast forward 12 days (and half a world away) to Porsche's Auto Shanghai Exhibit where the eagerly anticipated and much maligned Porsche …
Continue to the full articlePorsche Profits from the People
Once again, Porsche has done the impossible. Profits have exceeded revenue. Interestingly enough, the profits aren't locked. As the amount is tied directly to the price of VW shares, profits can and will move up and down with VW share price. See the full release from Porsche SE below. Stuttgart. After the first six months of the current …
Continue to the full articleNumbered Bank Accounts and Neutrality
The Swiss are most famously known for their banking and neutrality, so it's fitting that Porsche chose the Geneva Motor Show as the location to premier the Cayenne Diesel and new 911 GT3. Why you ask? Simple, the Cayenne Diesel is probably the most controversial Porsche since..... well, the original Cayenne (forgetting about the Panamera for a …
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