Porsche

M-B nabs the top spot from BMW in luxury race

12:01 am U.S. ET | May 4, 2015

With a strong April, Mercedes-Benz took over the top spot from BMW through four months in the tight U.S. luxury sales race....
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VW Q1 profit rises 17% as cost cuts at core brand offset weaker Porsche, Audi earnings

April 29, 2015 08:56 CET

VW Group's first-quarter operating profit rose 17 percent, helped by cost cuts at the VW brand and a profit at Spanish unit Seat. The Audi and Porsche brands saw margins shrink on higher investments. The results provided VW with some respite after longtime Chairman Ferdinand Piech's sudden resignation....
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Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify....
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VW leadership crisis escalates as board members criticize Piech

April 24, 2015 15:39 CET

VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn April 17, asked Porsche CEO Matthias Mueller this week to be ready to replace Winterkorn, Der Spiegel reported Friday....
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Turmoil pushes Porsche chief to forefront of potential CEO race at VW

11:14 am U.S. ET | April 14, 2015

A rift between Volkswagen AG's two most senior executives threatens to create a power vacuum that's set to hasten the search for a new leader. Matthias Mueller, who oversees the Porsche sports-car division, may hold the best cards with his background in engineering and operational experience....
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Blue sky surges for German luxury brands

12:01 am U.S. ET | April 13, 2015

The values for German luxury brand dealerships in the United States are in the stratosphere, while some other brands are such poor prospects that the buy-sell market cannot even assign them a multiple. Those are some of the key findings in a just-released report put out by the advisory firm Haig Partners....
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M-B may take on TT, Panamera, report says

12:01 am U.S. ET | April 13, 2015

Mercedes-Benz may launch rivals to the Audi TT sports car and Porsche Panamera, a German auto magazine said. The two cars would be developed by the brand's AMG performance division, Auto Motor und Sport reported....
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Wolfgang Porsche backs VW chief Winterkorn after Piech's criticism

9:49 am U.S. ET | April 12, 2015

VW board member Wolfgang Porsche threw his support behind Volkswagen CEO Martin Winterkorn two days after his cousin and VW Chairman Ferdinand Piech publicly criticized the chief executive. The comments by Porsche indicates that Piech, who has spent almost 22 years at the helm of VW, nine as CEO, may be isolated within the supervisory board....
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'Experience the brand, drive the cars' heart of Porsche campaign

12:01 am U.S. ET | April 6, 2015

Porsche will launch a new brand campaign dubbed "Forever Amazing" in May that aims to highlight recent product introductions and new customer-experience centers, complete with test tracks, opening this year and next....
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Porsche taps Cox unit to help manage off-lease portfolio

11:27 am U.S. ET | April 6, 2015

Porsche Cars North America Inc. has tapped a Cox Automotive software platform company to help it manage its off-lease portfolio....
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U.S. Porsche dealers to receive more Macans

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

Porsche is increasing US allocation for the midsize Macan crossover. "We do not want to continue to have a situation where we have a waiting list of five to six months," Porsche Cars North America CEO Detlev von Platen said....
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Mercedes plans Audi TT, Porsche Panamera rivals, report says

April 3, 2015 06:01 CET

Mercedes may launch rivals to the Audi TT roadster and Porsche Panamera sedan, a German auto magazine said. Mercedes aims to pass BMW as the world's top-selling premium automaker by 2020....
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Porsche says Macan may pass Cayenne as U.S. No. 1

April 2, 2015 11:17 CET

Porsche said the new Macan compact crossover could pass the larger Cayenne SUV to become the brand's top-selling U.S. model this year. The Macan is already Porsche's best-seller in Europe with a volume of 3,457 in the first two months....
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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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