Porsche

Porsche nears decision on 7th model line

March 13, 2015 11:53 CET

Porsche is finalizing plans to add a new model to meet rising demand for sporty luxury vehicles. The candidates for Porsche's seventh model family include an EV to compete with Tesla, a shooting brake version of the Panamera or a sports car between the 911 and 918 Spyder.... Read More »

Porsche: New variants to boost Cayenne sales

12:01 am U.S. ET | March 9, 2015

Porsche Cayenne sales will rebound in 2015 as several variants of the freshened crossover go on sale, the brand's U.S. sales chief said. Cayenne sales dipped 12 percent in 2014 to 16,205 vehicles, from a peak of 18,507 in 2013. Porsche Cars North America CEO Detlev von Platen attributed the decline to fewer available vehicles because of the production changeover to the freshened version.... Read More »

Porsche's pricey special editions find frenzy of customers in U.S.

12:01 am U.S. ET | March 9, 2015

Porsche sold nearly one-third of its 918 Spyders in the U.S., making the country the largest market for the limited-edition supercar. And Porsche's U.S. sales chief expects a repeat of the U.S. as the top market when the special-edition Cayman GT4 sports car arrives this summer.... Read More »

Porsche will buy 25% stake in carbon fiber maker

March 3, 2015 13:30 CET

Porsche plans to buy a 25 percent stake in German carbon fiber producer Capricorn Composite, widening access to the lightweight material it uses in its LMP1 and 918 Spyder sports cars.... Read More »

Former BMW exec Diess starts as VW brand boss in July

Feb. 27, 2015 16:20 CET

Former BMW executive Herbert Diess will take charge of Volkswagen's core brand from Martin Winterkorn three months earlier than planned, VW said.... Read More »

Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET

Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge.... Read More »

Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET

Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany.... Read More »

Porsche dealers eager to upgrade

12:01 am U.S. ET | Feb. 23, 2015

About 150 of the 189 U.S. Porsche dealerships are renovating or expanding as the brand's sales have soared. Porsche Cars North America wants additional showroom and service space from dealers to accommodate the growing number of nameplates in its lineup and the additional vehicles on the road.... Read More »

Porsche may close a few U.S. dealerships

12:01 am U.S. ET | Feb. 23, 2015

A handful of U.S. markets still have too many Porsche dealerships, Porsche Cars North America COO Joe Lawrence said, and the company may use its right of first refusal to close stores. But given Porsche's sales growth and the valuations of its dealerships, consolidation in those markets will be difficult.... Read More »

Volkswagen to promote Porsche CEO to management board, reports say

11:51 am U.S. ET | Feb. 19, 2015

Volkswagen plans to promote Matthias Mueller, currently head of Porsche, to its management board, reports said. Mueller will get a newly created post overseeing cooperation among VW Group's luxury sports brands, the reports said.... Read More »

Porsche will recall some Panamera, Cayenne models in China on camshaft problem

Feb. 9, 2015 10:51 CET

Porsche will recall 14,571 cars in China, including some Panamera and Cayenne models, due to defective camshaft adjuster bolts that may loosen or break, the country's national quality watchdog said.... Read More »

Porsche plans EV-only Pajun, report says

12:01 am U.S. ET | Feb. 2, 2015

Porsche will sell its long-planned Pajun sedan only as an electric car to compete with vehicles such as the Tesla Model S, a German magazine reported.... Read More »

MAKE MEETINGS

U.S. Porsche execs eager to get more Macans to dealers

12:01 am U.S. ET | Feb. 2, 2015

Porsche is working to get more Macan midsize crossovers to U.S. dealers in 2015. Wait times for Macan buyers have been six months or more since it went on sale last May. U.S. dealers are looking forward to getting more Macans this year and getting them into the hands of buyers more quickly.... Read More »

Porsche works to deliver more Macans to U.S. dealerships

12:01 am U.S. ET | Jan. 26, 2015

Porsche is working to increase supplies of the new Macan midsize crossover to US dealers in 2015. Wait times for Macan buyers have been six months or more since it went on sale last May.... Read More »

Porsche plans EV-only Pajun to fight Tesla, report says

Jan. 24, 2015 06:01 CET

Porsche will sell its long-planned Pajun sedan only as an electric car to compete with vehicles such as the Tesla Model S, a German magazine said.... Read More »

MIKE SULLIVAN, PORSCHE DEALER BOARD OF REGENTS

Riding Macan's strength, a 50,000 year is within sight

2:00 pm U.S. ET | Jan. 24, 2015

After five straight years of sales increases, dealers are looking for Porsche's U.S. leadership to remain careful about new goals. They'll probably pursue some growth but likely won't strive for annual sales of 60,000 for a while, said Mike Sullivan, a member of the Porsche Dealer Board of Regents.... Read More »

Porsche recalls 13,500 Cayennes, Panameras to fix fuel-seal flaw

7:46 am U.S. ET | Jan. 24, 2015

Porsche is recalling about 13,500 vehicles worldwide to fix a seal that may allow fuel to evaporate.... Read More »

DEALER COUNCIL LEADERS

More Macans should push Porsche sales to 50,000

12:01 am U.S. ET | Jan. 19, 2015

Porsche dealers expect tight supplies of the new Macan midsize crossover to begin easing this year, with added production helping the brand's U.S. sales to top 50,000 vehicles for the first time.... Read More »

A good year, but not for everyone

12:01 am U.S. ET | Jan. 12, 2015

Thirteen brands set U.S. sales records last year. The lucky 13: Honda, Subaru, Porsche, Nissan, Kia, Mercedes-Benz, Maserati, Land Rover, Hyundai, BMW, Audi, Jeep and Ram.... Read More »

Ultra-luxury brands, 3-D car, get star treatment in Detroit

3:16 pm U.S. ET | Jan. 11, 2015

More than 500 guests from all corners of the nation showed up at The Gallery on Saturday night, an exclusive, invite-only event that formally kicks off the Detroit auto show.... Read More »

Porsche expects sales to reach 200,000 cars this year

Jan. 8, 2015 12:54 CET

Porsche expects to increase sales to 200,000 cars or more this year, hitting a long-planned target three years early, after posting record deliveries in 2014.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Porsche's sales boss bullish on plug-in hybrids

Jan. 8, 2015 06:15 CET

Porsche is joining other carmakers in embracing plug-in hybrids, so much so that the company's sales boss, Bernhard Maier, uses one for his daily commute. Maier shared his views on the future of plug-ins at Porsche.... Read More »

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for January

Jan. 7, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine is ready for you to view. This month's edition looks at why Jaguar expects 2015 to be a record-breaking year.... Read More »

13 sales records, but that's no record

12:01 am U.S. ET | Jan. 5, 2015

There are lots of ways to gauge really good years in the auto industry, but here's one of the best: how many brands set sales records.... Read More »

PORSCHE

These are the good old days

12:01 am U.S. ET | Jan. 5, 2015

Porsche should hit its 50,000-vehicle U.S. sales goal in 2015 — three years earlier than originally planned.... Read More »

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