Tag Archives: porsche

Volkswagen Group Posts Record Profit of €11.5 Billion in 2012

Volkswagen Group’s sales revenue increased by 20.9% to €192.7 billion ($252 billion) in fiscal year 2012 a sizable gain from €159.3 billion in 2011. Operating profit rose to a record €11.5 billion, but this was only a slight increase from €11.3 billion the year before. Continue reading

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Nissan to Return to Le Mans in 2014 as Garage 56 Entry

In 2012, a number 0 Nissan Delta Wing ran at the world’s most famous endurance race from the same unclassified Garage 56 spot. The real Japanese racers that were closely watched at Le Mans last year were a pair of Toyota hybrids, which ran in the fastest LMP1 class but lost to Audi. Continue reading

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Porsche Sales Rise 18% in February Led by 31% U.S. Gain

Porsche sold 10,454 sold new vehicles in February 2013, an increase of 18.2% in comparison to the same month last year. The Porsche model most in demand worldwide was the Cayenne SUV once again at 5,637. Almost 2,000 911 models were sold.The former sports car maker, now luxury vehicle manufacturer fully owned by the Volkswagen Group, saw particularly strong sales in the U.S. at 3,225, a 31% increase in its largest market. Year-to-date Porsche sales at 22,515 are up 22% globally. VW Group is closing in on GM as the world’s second largest automaker and wants to be Number One in global auto sales by 2018. Continue reading

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Milestones – 50 Years of the Porsche 911

More than 820,000 Porsche 911 models have been built, making it, arguably, the most successful sports car in the world since it was first shown in 1963. For each of its seven generations the engineers in Zuffenhausen and Weissach have revised it, while retaining its identifiable and now classic lines and proportions, as well as its famous but often quirky performance. Continue reading

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Rotary Engine Le Mans Winner Mazda 787B Selected as ‘Legend’

For the 1990s, the voting- using French sponsorship and nationalist math – was a “dead-heat” between the Mazda 787B and the Peugeot 905 – so 11 cars were given ‘legend’ status. Continue reading

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Porsche Sales up 16% in July. Boxster and 911 Strong

Porsche increased sales in July by 16% helped by strong sales of the Boxster and 911. The automaker sold 12,391 cars and trucks during the month. Led by sales of the Panamera sedan and Cayenne sport utility vehicle, Porsche has sold 81,562 vehicles (+14 %) in the first seven months of 2012. Continue reading

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Porsche Leipzig plant builds 500,000th Vehicle

Earlier this year, Porsche marked the tenth anniversary of what was at the time a controversial expansion into the truck market. However, after the Porsche factory opened in Leipzig during 2002 to build the Cayenne SUV it proved to be a successful investment that has since grown to produce another controversial – but just as profitable vehicle – the Panamera sedan. Continue reading

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Porsche Opens Display at Autostadt Park in Wolfsburg

Porsche AG inaugurated its new pavilion in Wolfsburg’s Autostadt theme park today. The auto manufacturer’s new exhibition building has a curved roof design said to be inspired by the silhouette of a Porsche 911. Inside, the center stage of the pavilion displays 25 vehicle models that take visitors on a journey through the development of the sports car brand. Continue reading

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Iran Auto Production Down 27% as UANI Blasts Peugeot and Nissan for Ongoing Business with Islamic Revolutionary Guard

The auto industry represents 20% of Iran’s GDP that is dominated by the Islamic Revolutionary Guard Corps. UANI has developed model legislation, The DRIVE Act, to force auto manufacturers to choose between American taxpayers and the regime. The DRIVE Act requires automakers to certify they are not engaged in any business in Iran, or engaged in the implementation of any agreement with Iranian entities in order to be eligible for U.S. government contracts or financial assistance. Continue reading

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Milestones: Ten Years of Porsche Leipzig SUV and Sedan Plant

Porsche has marked the tenth anniversary of what was at the time a controversial expansion into the truck market. However, the Porsche factory opened in Leipzig during 2002 to build the Cayenne SUV has proved to be a successful investment that has since grown to produce another controversial – but just as profitable vehicle, the Panamera sedan. Continue reading

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Anti Nuke Weapons Group Says Porsche Ends Iran Business

United Against Nuclear Iran (UANI) joined New York City Public Advocate Bill de Blasio in announcing that Porsche AG has ended its business in Iran. In a statement, the pressure group headed by former U.S. Ambassador Mark D. Wallace, said Porsche officials have confirmed that the company is no longer “engaged in any business or providing any goods or services in Iran,” and “has no intention to conduct business in Iran in the near future.” Continue reading

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Ferdinand Alexander Porsche, 911 Designer, Dead at 76

In 1958, Ferdinand joined the engineering office of what was then Dr. Ing. h.c. F. Porsche KG. His first model was the design of a successor to the 356 model out of plasticine. In 1962, he took over as head of the Porsche design studio, making his name one year later with the Porsche 901, which went into production as the 911, and is still in production seven iterations later. Porsche also designed racing cars, including the type 804 Formula One racing car and the Porsche 904 Carrera GTS. Continue reading

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German Shuffle as Ulrich Eichhorn leaves Bentley Motors for VDA, Rolf Frech leaves Porsche to Head Bentley Engineering

Frech succeeds Dr Ulrich Eichhorn, who becomes the Managing Director with the Verband der Automobilindustrie (VDA), the German Association of the Automotive Industry. VDA has seen some executive changes as German automakers continue to be outflanked by the growing green movement in Germany and across Europe, one that now sees the proposed banning of conventional automobiles from most cities and the shifting of transportation spending to water and rail. Continue reading

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Dodge Viper Bests Chevrolet Corvette Lap Time at Nürburgring

A Porsche 997 GT2 RS posted a 7:18 lap time last year, but the Porsche at $350,000 in Germany is roughly three times more expensive than the ZR1, which begins at with an asking price of more than $110,000 in the U.S. No current production 2011Viper exists so Chrysler’s Street and Racing Technology (SRT) division used a 2010 model. Continue reading

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Volkswagen Takeover of Porsche Stalled, Legal Problems Cited

The announcement on the eve of the Frankfurt Motor Show also appeared to be an attempt by VW to protect the debut of the 911 sports car in Germany next week. The sale of the all new 911 models starts on 3 December 2011. However, the new Porsche sports cars can be ordered starting in late September. Prices in Germany are €88,038– hold your breathe, that’s $127,000, for the 911 Carrera and €102,436 – or $148,000 for the 911 Carrera S, including a punitive 19% VAT in effect in Germany. Continue reading

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