PorschePorsche hopes to match last year's 2.4 billion euro profit in 2013March 15, 2013 11:34 CET  Porsche is aiming to match last year's profit in 2013, the company said on Friday. In 2012 Porsche posted an operating profit of 2.44 billion euros ($3.17 billion). Porsche said net debt dropped to 1.87 billion euros at the end of December from 2.58 billion at the end of 2011.... Read More »
Porsche SE reports surge in net income on sale of auto unitMarch 14, 2013 06:01 CET Porsche SE, Volkswagen Group's largest shareholder, reported a surge in 2012 net income after selling the remainder of its automaking business to VW last year.... Read More »
MAKE MEETINGS -- PORSCHE Porsche: More cars, happy dealers 12:01 am U.S. ET | Feb. 18, 2013 Porsche executives aim at least to match last year's 21 percent sales growth on the strength of updated products launching in 2013, they told dealers at the make meeting.... Read More »
Lexus again tops J.D. Power dependability study; Detroit 3 narrow gap 10:00 am U.S. ET | Feb. 13, 2013  Lexus remains the most dependable vehicle brand after three years of ownership but the Detroit 3 continue to close the gap with foreign rivals, J.D. Power and Associates says. Across the industry, owners of three-year-old 2010 cars and light trucks reported 126 problems per 100 vehicles, an all-time low and a 5 percent improvement from 132 problems per 100 on 2009 models a year ago.... Read More »
Porsche manipulation probe extended to all board membersFeb. 12, 2013 10:34 CET  Stuttgart prosecutors have extended a probe into market manipulation during Porsche's failed bid to take over Volkswagen to all members of Porsche SE's supervisory board, including chairman Wolfgang Porsche and his cousin, Ferdinand Piech.... Read More »
DEALER COUNCIL LEADERS Porsche dealers must learn how to serve women 12:01 am U.S. ET | Feb. 11, 2013  Porsche is forecasting that its U.S. sales will be 50,000 by 2018. That would be up 43 percent from the 35,043 units sold in 2012 and roughly double its 2010 level.... Read More »
Q&A: MIKE SULLIVAN -- PORSCHE BOARD OF REGENTS Porsche's plan to increase U.S. sales is on track 12:01 am U.S. ET | Feb. 10, 2013  Porsche is forecasting that its U.S. sales will be 50,000 by 2018. That would be up 43 percent from the 35,043 units sold in 2012 and roughly double its 2010 level. The introduction of the 911 and Boxster last year and the promise of more vehicles coming this year are spurring U.S. sales momentum. But with sales growth comes the need for dealership improvements, expanded service bays and an improved understanding of providing service for female customers.... Read More »
Porsche, hedge funds agree VW case can be heard in GermanyJan. 31, 2013 20:46 CET  Porsche SE and several hedge funds seeking damages from the company agreed that New York was the wrong place to pursue compensation, and left the door open to bringing a case in German courts.... Read More »
Porsche: Dealer profits, sales per store on the rise 12:01 am U.S. ET | Jan. 28, 2013  With more new products coming, sales per dealership at U.S. Porsche stores should jump 30 percent during the next three years, says Michael Bartsch, COO of Porsche Cars North America. It's part of Porsche's plan to boost sales and profitability for its dealership base.... Read More »
Porsche extends CEO Mueller's contractJan. 25, 2013 11:09 CET  Porsche will extend the 3-year contract of its CEO, Matthias Mueller, by one year to October 2014. Mueller, 59, took over the top job at the sports car maker from Wendelin Wiedeking in 2010.... Read More »
Porsche expects Macan to copy Cayenne's success in ChinaJan. 23, 2013 06:01 CET  Porsche is counting on emulating the success of its Cayenne SUV in China when it launches the smaller Macan in the market next year as part of expansion plans aimed at making China the carmaker's No. 1 market.... Read More »
2013 DETROIT AUTO SHOW Carmakers get creative with crossovers as SUV alternative 6:46 pm U.S. ET | Jan. 16, 2013  The 2013 Detroit auto show demonstrates an increasing diversity in crossovers, or car-based vehicles that provide the space, styling and functionality of a truck-based sport-utility vehicle without the penalty at the gas pump.... Read More »
2013 DETROIT AUTO SHOW Carmakers get creative with crossovers as SUV alternativeJan. 17, 2013 00:46 CET  The 2013 Detroit auto show demonstrates an increasing diversity in crossovers, or car-based vehicles that provide the space, styling and functionality of a truck-based sport-utility vehicle without the penalty at the gas pump.... Read More »
Porsche: We can match last year's sales growth 10:57 am U.S. ET | Jan. 15, 2013  With a second straight year of product launches, Porsche Cars North America should match the sales growth it achieved in 2012, CEO Detlev von Platen said. Porsche sold a record 35,043 vehicles in the United States last year, up 21 percent from 2011. In an interview at the Detroit auto show, Von Platen wouldn't predict an exact volume or percentage increase for 2013.... Read More »
Germans get boost at home from strong fleet demandJan. 5, 2013 06:01 CET  Mercedes posted record sales in 2012 while BMW and VW Group are likely to do the same even as demand for cars in Europe has tumbled. Deutsche Telekom is partly to thank for that.... Read More »
BMW, VW, Mercedes get boost at home from strong company-car market 12:01 am U.S. ET | Jan. 5, 2013  BMW, VW and Mercedes are all likely to post record sales for 2012 even as demand for cars in Europe has tumbled. Deutsche Telekom is partly to thank for that.... Read More »
Luxury race: Who can pamper buyers the most? 12:01 am U.S. ET | Dec. 31, 2012  Luxury vehicle buyers want service -- not just repairs done right, but the kind of pampering they get at high-end hotels, restaurants and boutiques. It's all about the extras. In response, luxury vehicle brands are stepping up their games, rolling out unprecedented customer service, training staff and reconfiguring showrooms to cater to these buyers.... Read More »
Porsche faces more VW lawsuits after court win 11:49 am U.S. ET | Dec. 28, 2012  Porsche shares surged on Friday after it won a dismissal of a U.S. lawsuit by 26 hedge funds but analysts warned the German company's triumph in court hinged on a legal formality rather than the substance of the case.... Read More »
Porsche wins dismissal of hedge fund lawsuit over VWDec. 27, 2012 19:42 CET  Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.... Read More »
Porsche wins dismissal of hedge fund lawsuit over VW 1:42 pm U.S. ET | Dec. 27, 2012  Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.... Read More »
Ex-Porsche CEO Wiedeking charged over failed Volkswagen bidDec. 19, 2012 14:49 CET  Former Porsche CEO Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen.... Read More »
Porsche puts U.S. creative ad business under review 5:56 pm U.S. ET | Dec. 13, 2012  Porsche has put its U.S. creative advertising account into review, Ad Age reported. The company's creative business is currently handled by Cramer-Krasselt, an independent Chicago agency that is expected to defend the account, the magazine said.... Read More »
VW plugs in to hybrids with Porsche 918 launches 3:50 pm U.S. ET | Dec. 13, 2012  Volkswagen is launching sales of more plug-in hybrid models to American sports car lovers next year as the automaker plays catch-up with hybrid-vehicle champion Toyota.... Read More »
Porsche shores up profitability dominance with labor accordDec. 13, 2012 13:49 CET  Porsche will shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.... Read More »
Boxster S, Mercedes-Benz GL win Autoweek honors 2:40 pm U.S. ET | Dec. 11, 2012  The Porsche Boxster S and the Mercedes-Benz GL have been chosen as Autoweek's Best of the Best Car and Truck of the year for 2013.... Read More »
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