Porsche

Porsche to Invest One Billion Euros in EV Sports Car

Porsche to Invest One Billion Euros in EV Sports Car

MUNICH—Porsche announced Friday it will invest approximately €1 billion ($1.09 billion) in Mission E, the project to develop and build the first 100% electrically powered Porsche.
The Stuttgart-based automaker’s supervisory board approved the project that will set Porsche on a course that is “beginning a new chapter in the history of …

Porsche Pulls Cayenne Diesel SUV From Market After EPA Targets V6 Models in Investigation

Porsche Pulls Cayenne Diesel SUV From Market After EPA Targets V6 Models in Investigation

Porsche said Tuesday it was discontinuing sales of the Porsche Cayenne Diesel after the U.S. Environmental Protection Agency announced that it had discovered software that cheats during emissions tests in that model vehicle.
The EPA issued a notice of violation to Volkswagen on Monday stating that Volkswagen Group’s models with V-6 …

Porsche Reports Record Sales in November

Porsche Reports Record Sales in November

Porsche Cars North America announced financial results for November 2014.
The company’s total sales in September were up 18.5%, having sold 4,699 vehicles as compared to 3,966 from the previous September.  The sales set a new record for the highest monthly sales volume in the company’s history.
The company’s Boxster and Cayman models …

Porsche Reports Uptick in Sales for October

Porsche Reports Uptick in Sales for October

Porsche Cars North America announced financial results for October 2014. The company’s total sales in October were up 2.9%, selling 3,667 vehicles as compared to 3,562 from October 2013.
Porsche’s 911 and 918 models saw the biggest increase in sales, selling 979 vehicles as compared to 748 from the previous October. …

Porsche Reports Sales Increase for September

Porsche Reports Sales Increase for September

Porsche Cars North America announced financial results for September 2014. The company’s total sales in September were up 16.6%, selling 3,607 vehicles as compared to 3,093 from the previous September.
The company’s 911 and 918 models saw an increase in sales, selling 739 units as compared to 609 units sold in …

Porsche Cayenne Facelift to Debut in Paris Alongside New S E-Hybrid

Porsche Cayenne Facelift to Debut in Paris Alongside New S E-Hybrid

Porsche announced a mid-life facelift for the Cayenne as well as an all-new hybrid-electric variant.
The new Cayenne S E-Hybrid will make its world premiere at the Paris Motor Show on October 2.  Porsche says it will be the first plug-in hybrid in the premium SUV segment.  The German automaker also …

Porsche Reports Increase in August Sales

Porsche Reports Increase in August Sales

Porsche Cars North America announced financial results for August 2014.  The company sold a total of 4,540 vehicles last month, a significant year-over-year increase of 36.5% from 3,327 vehicles sold in August 2013.
Sales of the company’s 911 and 918 models for the month of August totaled 1,030 units sold, up …

Volkswagen Reports 7% Increase in Profit for First Half of the Year

Volkswagen Reports 7% Increase in Profit for First Half of the Year

The Volkswagen Group announced financial results for the first six months of 2014.  The company’s total operating profit for the first half of the year was €6.2 billion ($8.3 billion), a year-over-year increase of 7% from €5.8 billion in the first half of 2013.
Meanwhile, total revenue for the first half …

Volkswagen Profit Jumps 22% in First Quarter

Volkswagen Profit Jumps 22% in First Quarter

The Volkswagen Group announced financial results for the first quarter of 2014.
The company’s total revenue was €47.8 billion ($66.1 billion), a year-over-year increase of 2.7% from €46.6 billion in the first quarter of 2013. Total operating profit for the company was €2.9 billion, a 21.8% increase from €2.3 billion last …

Report from CeBit: Electro-Mobility and Autonomous Driving Take Center Stage

Report from CeBit: Electro-Mobility and Autonomous Driving Take Center Stage

HANNOVER — The world’s largest information technology show, the CeBIT, opened its gates Monday at the exhibition center in Hannover, Germany.  The show focuses on new trends and technologies in the information technology sector and runs through Friday. The show isn’t open to the public and only accredited visitors have …

84th Geneva Motor Show – Day 2

84th Geneva Motor Show – Day 2

GENEVA —The 84th Geneva International Motor Show entered its second day on Wednesday and the stream of launches continued with debuts from Volkswagen, Audi, Jeep and Ford.
Here is our final report from Geneva.
VOLKSWAGEN GROUP
Volkswagen introduced, the Volkswagen GTE, powered by an electric engine and a combustion engine. The plug-in hybrid …

Porsche Discovers 1898 P1 in Warehouse

Porsche Discovers 1898 P1 in Warehouse

Porsche uncovered an Egger-Lohner C.2 Phaeton electric vehicle, known as the P1, at a warehouse at an undisclosed location.  The 1898 vehicle was the first car designed by Ferdinand Porsche, who was 22 years old at the time.
Porsche engraved the vehicle and its components with “P1,” which stood for Porsche, …