Porsche

Porsche anticipates rush of demand for Boxster Spyder

12:55 pm U.S. ET | April 1, 2015

Porsche executives expect the rush for the new Boxster Spyder unveiled today to be similar to what they’ve seen for other recently introduced special versions of existing nameplates. The Boxster Spyder goes on sale in the U.S. in October but can be ordered at dealerships now....
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Aston Martin tells Porsche: Fine, we will lose GT3 name

12:01 am U.S. ET | March 30, 2015

Porsche has wiped some of the shine off Aston Martin's Geneva auto show unveil of the track-focused, limited-edition Vantage GT3 by claiming trademark ownership of the GT3 name, which it uses for hard-core versions of its 911 sports car....
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Porsche’s Mueller: ‘Not too old’ for CEO job

12:01 am U.S. ET | March 30, 2015

Open campaigning for CEO jobs at automakers rarely occurs, but Porsche CEO Matthias Mueller says he’s young and fit enough to be a candidate to succeed Martin Winterkorn as head of Volkswagen Group....
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German court dismisses hedge funds' suit against Porsche holding company

March 26, 2015 16:21 CET

A German court has dismissed claims brought against Porsche SE by hedge funds seeking $1.3 billion in damages over its botched attempt to take over Volkswagen in 2008....
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Porsche dealers' profits keep piling up

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

The reason Porsche dealers are generally happy? They make a lot of money, and that only improved last year. Porsche Cars North America CEO Detlev von Platen said Porsche's U.S. dealerships posted an average net profit margin of 3.9 percent in 2014, up from 3.6 percent the year prior....
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Porsche nears a decision on 7th model line

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

Porsche is close to announcing plans to expand its model lineup. "In the not-too-distant future, we will present a seventh model line" that would hit the market by 2020, Porsche CEO Matthias Mueller said at the automaker's annual press conference this month....
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CHRISTIAAN HETZNER

BLOG: Porsche boss Mueller, 62, says he's young enough to be VW Group CEO

12:01 am U.S. ET | March 20, 2015

Porsche CEO Matthias Mueller says he's young and fit enough to succeed Martin Winterkorn as head of the VW Group. Winterkorn's successor is perhaps the biggest question mark surrounding the midterm future of the multibrand automaker....
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CHRISTIAAN HETZNER

BLOG: Porsche boss Mueller, 62, says he's young enough to be VW Group CEO

12:01 am U.S. ET | March 20, 2015

Porsche CEO Matthias Mueller says he's young and fit enough to succeed Martin Winterkorn as head of the VW Group. Winterkorn's successor is perhaps the biggest question mark surrounding the midterm future of the multibrand automaker....
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Porsche seeks better 'connected car' technology, exec says

March 19, 2015 15:47 CET

Porsche is working to develop a more "connected car" that better integrates mobile technology into vehicles without distracting drivers....
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Porsche SE faces payment of 428 million euros in tax arrears

March 18, 2015 12:10 CET

Porsche SE is facing the payment of 428 million euros ($454 million) in tax arrears this year dating back to the period when the company tried to take over Volkswagen. The payment may shrink Porsche SE's net liquidity and cap dividend payouts, finance chief Hans Dieter Poetsch said....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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Porsche may add electric car to challenge Tesla

5:53 am U.S. ET | March 13, 2015

Porsche may expand its growing lineup with a battery-powered vehicle to cater to demand for cleaner luxury vehicles and counter the rise of Tesla....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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