Porsche expects to repeat record auto sales this year
Volkswagen’s Porsche brand does not require a stock market listing to fund growth, Chief Executive Oliver Blume stated, adding he is sure the maker of the iconic 911 sportscar can repeat 2017’s record sales in 2018. Porsche sold 196,562 vehicles in the first nine months of the year, with Europe presenting a 9 percent increase
- Published in Porsche
Volkswagen’s Porsche to stop offering diesel versions
Volkswagen’s Porsche is going to stop offering diesel versions of its vehicles, the unit stated on Sunday, refining its focus on hybrid and battery-powered vehicles instead. Volkswagen has confessed that they cheated on diesel emissions tests, sending shockwaves through the auto industries and resulting in a sector-wide crackdown on polluting diesel engines. “Porsche is not
- Published in Porsche, Volkswagen
Swiss officials ban some Mercedes, Porsche models due to emissions
Swiss officials have halted registrations of some recent Mercedes-Benz Vito and Porsche Macan and Cayenne vehicles that had diesel engines that disguised emissions levels, the Astra roads agency stated on Wednesday. The move will impact vehicles imported from August 17. Vehicles already registered in Switzerland may keep operating, but must be retrofitted, Astra stated. Mercedes
- Published in Mercedes-Benz, Porsche
Porsche to recall 60,000 SUVs for emissions issues
Volkswagen’s Porsche has been asked by KBA automotive regulator in Germany to recall about 60,000 diesel-engined Macan and Cayenne sport-utility vehicles, a KBA spokesman stated. German magazine Der Spiegel reported the recall on Friday, saying the two models geared up with the latest Euro-6 diesel engine generation were fitted with more so-called defeat devices efficient
- Published in Porsche
Porsche SE executives, board members are safe to travel to U.S.
Top managers and supervisory board members at Porsche SE, Volkswagen’s majority shareholder, can still travel to the United States with no risk or fear for prosecution, the company’s head of legal affairs stated. “Porsche SE is convinced that no board member can be alleged of offences, and that the members of the management and supervisory
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Porsche’s head of powertrain development reportedly arrested
German police arrested the head of powertrain development, Joerg Kerner, at Volkswagen’s Porsche business and are holding him on remand as he is considered a flight risk, a person knowledgeable about the matter stated on Friday. The arrest of Kerner was associated with ongoing inquiries into emissions manipulation at Volkswagen, over two years after the
- Published in Porsche
Porsche considers production hike for electric vehicles as diesel sputters
Sportscar maker Porsche AG might boost annual production capacity of its Mission E model beyond 20,000 vehicles and decide shortly about whether to electrify its Macan sports energy model, board member Detlev von Platen informed Reuters. The Stuttgart-based automaker, which is owned by Volkswagen Group, stated it expects to double its investment in hybrid and
- Published in Porsche, Volkswagen
Porsches, Corvettes, Mercedes crushed in Philippines
Bulldozers and backhoes pounded over two dozen seized luxury cars and trucks in the Philippines on Tuesday, consisting of Porsches, Mercedes, Jaguars and Corvettes, in a remarkable demolition presenting the no-nonsense leader’s crackdown on criminal offense and corruption. President Rodrigo Duterte observed as the pre-owned vehicles, some valued as high as $115,000, were reduced to
- Published in Mercedes-Benz, Porsche
IG Metall union calls for walkouts at Porsche to support higher wages
Germany’s IG Metall labor union called on personnel at Volkswagen’s Porsche sports car brand to stroll off their shifts for about an hour on Thursday as part of its campaign for more pay throughout the engineering market. The nation’s biggest union is asking for a 6 percent wage increase this year for about 3.9 million
- Published in Porsche
South Korea to fine BMW, Mercedes, Porsche for breaching emission rules
South Korea prepares to impose a combined penalty of 70.3 billion won ($63.1 million) on units of BMW AG, Mercedes-Benz and Porsche mentioning violation of emission rules, the environment ministry stated on Thursday. Seoul Main Customs, part of the nation’s customs firm, have also asked prosecutors to probe the three units for violation of customs
- Published in BMW, Mercedes-Benz, Porsche
Porsche seeks 200 million euro damages from Audi due to dieselgate
Volkswagen’s Porsche brand is looking for 200 million euros ($234 million) in damages from its high-end stablemate Audi over expenses associated with manipulated diesel engines, Bild newspaper reported on Friday. Porsche’s management provided the claim in written form to equivalents at Audi, the newspaper stated without mentioning its source. Audi confessed in November 2015 that
German prosecutor investigating workers at Porsche
The Stuttgart prosecutor’s office stated on Monday workers at Porsche and a U.S.-based subsidiary were being investigated for presumed fraud and false marketing related to diesel emissions. The probe is the most recent twist in a sweeping investigation of automakers and their emissions following Volkswagen the owner of Audi, VW and Porsche brands, confession of
- Published in Porsche
2018 Porsche 911 GT2 RS Has Top Speed Of 211 mph
Porsche has made its existence known at the Goodwood Festival of Speed by revealing the most powerful street-legal 911 ever. The 2018 Porsche 911 GT2 RS provides 700 hp and 553 lb-ft of torque from its 3.8-liter twin-turbo flat-six. Because of the new engine, the 911 GT2 RS strikes 60 mph in a Porsche-estimated 2.7
- Published in Porsche
Stuttgart prosecutors investigate Porsche, Bosch concerning diesel emissions
Prosecutors in Stuttgart have started a preliminary investigation against staff members at German sportscar maker Porsche AG to find out if they were involved in creating engine management software to cheat emissions tests. The Stuttgart probe is the most recent part of a sweeping investigation of Volkswagen, that owns the Audi and Porsche brands. Unlawful
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All-New Porsche 911 GT2 RS Unveiled at E3 Preview
Instead of awaiting a significant global vehicle show, Porsche, Microsoft, and Turn 10 Studios shocked fans when they ripped the covers off the all-new Porsche 911 GT2 RS at the 2017 Xbox E3 conference. The group behind the Forza racing franchise revealed a new six year collaboration with Porsche, and to commemorate, revealed the new
- Published in Porsche