Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

Porsche speeds ahead with 911 turbo; purists fret

Porsche's U.S. leader thinks sales of the iconic 911 can go higher. Potential buyers nervous about the nameplate's move to turbocharged engines who

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