Porsche wants to own a huge chunk of Croatian electric supercar manufacturer Rimac, and it is willing to go to some pretty great lengths to make that happen. For one thing, Rimac is scheduled to go public next year with a valuation of $6.06 billion. According to a report from Germany's Manager Magazin, the deal won't be straight cash, but a joint …
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Recent Posts from: Dieselgate
Porsche’s gasoline cars under investigation for incorrect fuel economy numbers
German car authority KBA has begun probing Porsche over suspected incorrect fuel consumption data for the company's gasoline-powered cars, according to a report from Business Insider. A Porsche spokesperson told Reuters in an email that "The current procedure has already been able to find no conformity deviations in the large majority of vehicles," …
Continue to the full articlePorsche Fined $600 Million In Volkswagen Diesel Emissions Cheating Scandal
Following the arrest last month of Porsche's head of powertrain development Joerg Kerner, Porsche faces an astronomical $598 million fine as punishment for the company's role in the diesel emissions cheating scandal that has played out over the last few years. Prosecutors in Stuttgart on Tuesday argued that the company had neglected legal …
Continue to the full articleAll New Porsche Orders Halted In the UK & EU, Some Cars May Need To Be Scrapped
According to a story we read, Porsche's production lines for all models destined for the UK and Europe will temporarily close in order to retool in preparation for new Worldwide Harmonized Light Vehicle Test Procedure emissions and fuel economy test standards set to come into effect in September. The UN Economic Commission for Europe determined …
Continue to the full articleFinally, There’s an Approved Solution for the Cayenne Diesel
Even though demand for Porsche diesels is falling, a fix was still needed for more than 38,000 Porsche Cayenne Diesel models affected by "Dieselgate". Porsche has finally reached agreements in the U.S. and Europe that will allow more than 38,000 3.0-litre V6 TDI vehicles with “Generation 2.1” and “Generation 2.2” engines to be brought into line …
Continue to the full articlePorsche to Recall Nearly 21,500 Cayenne Diesel Models Across Europe
Last Thursday German Transport Minister Alexander Dobrindt accused Porsche of utilizing a "defeat device" in certain Cayenne Diesel models (all utilize the 3.0 liter TDI VW Engine). This, in turn, forced Porsche to recall nearly 21,500 models across all of Europe (7500 or so of the affected Cayennes are located in Germany). Essentially, inspectors …
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