Porsche

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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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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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....
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Porsche bullish on plug-in hybrids

12:01 am U.S. ET | Jan. 3, 2015

Bernhard Maier, Porsche's global sales and marketing boss, commutes daily to company headquarters near Stuttgart using a Porsche Cayenne plug-in hybrid or a Panamera with a low-carbon dioxide powertrain....
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Porsche recalls 918 Spyder to replace faulty chassis parts

5:08 pm U.S. ET | Dec. 23, 2014

Porsche is recalling 205 of the limited-edition 918 Spyder, the German carmaker’s most expensive model, to replace defective chassis parts....
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Porche 918 Spyder sold out; Americans are top buyers

12:35 pm U.S. ET | Dec. 10, 2014

Porsche sold the last of the limited-edition 918 Spyder supercar, the German company's most expensive model, and Americans snapped up more than anyone else....
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Porsche sales exec to speak at World Congress

12:01 am U.S. ET | Dec. 8, 2014

Porsche's Bernhard Maier joins a World Congress roster of speakers that includes Tesla Motors CEO Elon Musk, Fiat Chrysler CEO Sergio Marchionne and General Motors CEO Mary Barra....
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