Court rejects second investor group action against VW and Porsche

Porsche SE logo

A German court on Wednesday stated it won’t permit a second investor group action against Volkswagen and Porsche, for allegedly failing to tell investors about the Diesel scandal in 2015. Investors have brought multiple cases against both automakers in the southern city of Stuttgart, arguing that the automakers should have issued adhoc-statements previously to inform […]

Porsche SE raises voting rights share in Volkswagen

Porsche SE logo

Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday stated it raised its voting rights share in the automaker to 53.1 percent from 52.2 percent. “We continue to believe that Volkswagen group has a significant potential to increase its value and that its current capital market valuation does not reflect this,” stated Porsche SE’s […]

Porsche is cooperating with state prosecutors into tax investigation issues

2018 Porsche 911 GT2 RS

Volkswagen’s Porsche unit on Sunday stated it was working with state prosecutors to clear up investigations into alleged tax debts associated with early retirees and taxable advantages enjoyed by former top executives. A company spokesman stated the automaker had “already responded to possibly anticipated tax payments via safety surcharges and lump sum payments.” The Bild […]

Porsche tells officials of possible issue with emissions

Porsche Panamera E

Volkswagen’s Porsche unit stated on Thursday it told German officials of potential issues with its emissions data, after a report in Germany’s Der Spiegel that the figures for its 911 models of 2016 and 2017 were not accurate. “Porsche has identified issues in connection with individual roll-out tests,” Porsche stated. The particular case involves deviations […]

Volkswagen’s Porsche to stop offering diesel versions

Porsche Macan

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 […]

Swiss officials ban some Mercedes, Porsche models due to emissions

2018 Porsche 911 GT2 RS

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 […]

Porsche to recall 60,000 SUVs for emissions issues

Porsche SE logo

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 […]

Porsche considers production hike for electric vehicles as diesel sputters

Porsche 911

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 […]

Porsches, Corvettes, Mercedes crushed in Philippines

Philippines mercedes corvettes crushed 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 […]