Porsche Electric Car Plans Gather Momentum. “The brand’s plans seem to be a bit closer to reality than other brands which are still delaying the launch of their EVs” STUTTGART, Germany – Porsche, the luxury sports car and SUV maker owned by Volkswagen, has a problem. How do you take a brand which owes its […]
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Porsche Doubling Spending On Electrification
Porsche Doubling Spending On Electrification. “Alongside development of our models with combustion engines, we are setting an important course for the future with this decision” STUTTGART, Germany Porsche, the luxury sports car and SUV maker owned by Volkswagen, said it is doubling investment in electromobility to more than 6 billion euros ($7.5 billion) by 2022, […]
Autos Will Survive/Thrive After Digital Revolution, Says Porsche
Autos Will Survive/Thrive After Digital Revolution, Says Porsche. “This is just the beginning of the most fundamental transition and biggest revolution since the invention of the automobile” The automotive industry sometimes appears to be shaking in its shoes as it contemplates a future threatened by new technology. The old idea of simply making the best […]
Porsche Makes More Total Profit Than VW Brand
Porsche Makes More Total Profit Than VW Brand. Porsche Sals Expected To Breach 200,000 In 2015 Porsche will contribute more profits to Volkswagen this year than the VW brand itself, despite the latter selling more than 25 times the number of cars than the luxury sports car and SUV subsidiary. According to a report from […]
New Porsche 911 Targa Has An Automatic Roof
German sports car maker Porsche’s new version of the 911 Targa looks just like the old one, but has a new roof which opens up automatically and folds into the trunk. Porsche president and CEO Matthias Mueller demonstrated the new roof at the launch of the new 911 at the Detroit show. The Targa roof […]
China, Porsche, Efficiency Should Boost VW Profit
€3 Billion Expected From Porsche, With €1 Billion From Macan In 2014. VW Likely To Raise 2013 Forecast. Volkswagen’s profitability looks set to accelerate over the next two to three years, thanks to its luxury sports car manufacturer Porsche, investment in China, and benefits from its huge spending on making production more efficient. That’s the […]
Another Law Suit Throws Hurdle At VW Porsche Merger
The proposed merger between Volkswagen and Porsche SE, originally scheduled for last year, was delayed again by a €2 billion lawsuit from a group of investment funds. In 2009, Volkswagen and Porsche agreed to a merger after Porsche’s finances were threatened by a €10 billion debt which it racked up after trying unsuccessfully to takeover […]
Porsche Plan To Double Sales Said Realistic, Achievable
VW Though Will Gain Most From Any Porsche Progress Porsche’s ambitious sales plans look achievable, although most of the profit benefit will accrue to Volkswagen. According to Commerzbank auto analyst Daniel Schwarz, Porsche’s plan to double sales by 2018 sounds ambitious but is achievable. Porsche announced in July that it believes it can sell at […]
Will VW Porsche Merger Ever Happen?
German Probe Cuts Likelihood Of Deal Being Completed Soon Law Suits, Appeals, Dismissals, Tax Questions Create Murky Outlook But Whatever Happens Legally, Porsche Physically Destined For VW The merger between Volkswagen and Porsche has been delayed again and some investors wonder if it will every happen. Porsche said a probe by German authorities into allegations […]
Court Ruling Removes VW-Porsche Merger Obstacle
Doubts Remain Over Tax Ruling, Preference Shareholders The merger between Volkswagen and Porsche may have moved a bit closer when a U.S. court dismissed a $2 billion law suit from 39 hedge funds who believed they had been misled while Porsche was buying shares in its failed bid to take over VW. The plaintiffs have […]