Four years after buying 10 percent of Porsche, the Gulf state’s sovereign wealth fund Qatar Holding sold its share back to Porsche’s family shareholders, Reuters says.
Qatar kept its 17 percent stake in Volkswagen. Volkswagen owns all of Porsche’s car business.
There was a time, maybe a decade ago, when you saw Porsche 914s and Fiat 124 Sport Spiders in about equal numbers in self-service wrecking yards. I still find the Fiats these days, but junked 914s have become quite rare. That makes today’s Junkyard Find something a bit special. (Read More…)
Usually, automakers never mention the competition, especially when you are BMW and the competition is Porsche. Soon, the Porsche 911, according to BMW “the flag-bearer of the German sports car fraternity,” will celebrate its 50th birthday, and BMW has a special birthday greeting. (Read More…)
Germany has seen heavy floods, and it is beginning to impact car production. Porsche had to stop production of the Cayenne in its Leipzig plant. Not because the plant is under water: Bodies for the SUVs are made in Bratislava, Slovakia, however, they don’t reach Leipzig because the railroad tracks in the Czech Republic are under water.
The swan song of the 996 Porsche 911 was the “40 Jahre 911“, designed to commemorate the car’s 40th anniversary. Although it was a rear-drive, naturally aspirated Carrera, it shared the widebody look of the all-wheel drive and turbo cars, and inspired legions of badge concious buyers to check the option box the the “911” badge, rather than suffer the indignity of having “Carrera” without an accompanying “S”.
Haerter goes to court
Porsche’s former high-flying finance chief Holger Härter was been fined 630,000 euros ($820,000) for misleading French bank BNP Paribas in loan negotiations in early 2009. This despite testimonies by bank representatives who said BNP did not feel misled. (Read More…)
Before the 993 Targa came along with its fancy sliding glass roof, Porsche 911 Targas had real lift-out tops, just like the best 1990’s Japanese sports cars did (no doubt emulating what was perceived to be a suave alternative to a real ragtop). It looks like the 991 Targa will be returning to those roots.
42 journalists who had the honor of being invited by Porsche to what was called a “Plug-In Hybrid Technology Workshop” found themselves used as lab rats, and to produce a mileage rating that supports Porsche’s published results for the hybrid Panamera. It didn’t quite work out that way. Says a Porsche press release: (Read More…)
In exchange for the loss of the third pedal, we now get two variants of the Porsche 911 Turbo. A standard car with a 3.8L 520 horsepower flat-six and a Turbo S with 560 horsepower. Rear-wheel steering is also in place, much like the GT3, while active front and rear spoilers will give d-bags twice the aerodynamics to manually deploy while stuck in traffic.
German autoworkers want their share of the record profits announced by German carmakers last year. IG Metall labor union demanded 5.5 percent. Employers countered with 2.3 percent. Today, workers went on strike. (Read More…)
Porsche is looking to fill 1,400 jobs in for its expanded factory in Leipzig, where the new Macan SUVlet will be built by the end of the year. A lot of these jobs will go to current Opel workers, says Germany’s Focus. (Read More…)
After plans failed to sue Porsche in America, where juries are impressionable and awards are rich, the lawsuits are now in Germany, where courts are cautious, and where professional judges need to be convinced. The wheels of justice crank slowly. (Read More…)
I used to work for Porsche. You already know this because I mention it in most of my stories, hopeful that you will go tell your friends “TTAC has a guy who used to work for Porsche!” to which they will reply: “Used to? Road & Track has fifty people who still do.”
Just kidding. The cars get good reviews because they’re damn good. I know this because when I worked at Porsche I had several 911 company cars, and the ones I didn’t crash drove tremendously. This sentiment was not echoed by my rear seat passengers, who often said things like: “This is really cramped!” or “You want to give this up to be a blogger?”
When I worked there, I had two main questions on my mind at all times. Traditionally popular in the morning, the first one was: “Can I get away with a two-hour lunch today?” But when I got back from lunch around 2:30, the rest of the day was spent pondering the second one: “What the hell competes with the 911?”
Over the last two years, attacking Lincoln has become tremendously “in.” This is because doing so will cause everyone to agree with you, which is sort of like when people complain about drivers in their hometown. Seriously: no matter what major city you visit, the drivers there are “the worst,” according to local residents who have obviously never visited Italy.
The latest industry observer to attack Lincoln is David Kiley, who wrote an editorial yesterday for Autoblog entitled “Lincoln needs a farewell address, not a new marketing plan.” This received a generally warm welcome, which mirrors the one Kiley will get in tomorrow’s Detroit Free Press for writing an op-ed piece called “Detroit Drivers Are The Worst.” The latter story would probably win him a Pulitzer, except the committee is in New York and they are absolutely certain Manhattan drivers are the worst.
The only problem is that all of the Lincoln doubters are wrong.
Before you say it, I’m well aware of what you’re thinking: I must be crazy. Regular readers already know this to be true, since I owned a Range Rover Classic. But for those who need more proof, here it is: I have absolutely no idea how Lincoln will come back. I won’t lay out a marketing plan as Kiley did, despite announcing in his title that Lincoln doesn’t need one. I just know they will.
Was it this guy? Who knows? But somebody finally decided to sue Porsche for their hilariously (if you don’t own a Porsche) failure-prone M96 watercooled boxer engines. Of course, the M96 has more than one known reason for going “pop” unexpectedly and turning on that “Drive to workshop and buy $11,750 Remanufactured Engine” light, but the IMS is the most frequent offender.
Now Porsche’s been forced to say that they’re sorry in that most American of ways — the class-action settlement. But since Porsche is Porsche, the devil is in the details. And there’s a hole in the list of covered VINs big enough to drive my 2004 Boxster S “550 Spyder” Anniversary Edition through.
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