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Posts Tagged ‘porsche news’

Audi Slashing $12b in Costs to Cover Electrification Goal

Luxury marque needs to offset cost of diesel emissions scandal.

by on Jul.31, 2017

Audi showed off its e-Tron Sportback Concept at this year's Shanghai Motor Show.

As it shifts away from its long dependence on diesel powertrains, Audi is looking to rapidly ramp up its electrification program, but the luxury arm of Volkswagen Group will have to slash spending to cover the costs of its new technology.

Audi intends to cut costs by 10 billion euros, or $12 billion, by 2022 to support its aggressive shift to electrification, according to a report by Germany’s Handelsblatt business publication.

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That money will help it bring to market five all-new battery-electric vehicles, or BEVs, as well as a range of plug-in hybrids and conventional hybrids, according to the report.

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America’s Love Affair With the Car Hasn’t Ended, Finds New JD Power Study

“Many automakers are getting better at consumers what they want.”

by on Jul.26, 2017

Porsche led the latest APEAL study overall, three models, like the 911 also winning their segments.

It’s become conventional wisdom that Americans have fallen out of love with the automobile and would just as soon click on a smartphone app to call a ride-sharing service as actually own a vehicle.

But that doesn’t seem to pan out when you read the results of the latest APEAL study by J.D. Power and Associates. If anything, a summary of the report suggests “car owners’ love affair with new vehicle is stronger than ever.”

Power to the People!

“Many automakers are getting better and better at giving consumers what they want in a vehicle,” explained Dave Sargent head of global automotive research at Power. That’s especially true in mainstream market segments, he added, as “non-premium vehicles” add more and more of the safety and infotainment technologies traditionally reserved for high-line products.

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Mercedes-Benz Parent Daimler Recalling 3m Diesels to Fix Emissions Systems

Porsche CEO says maker may abandon diesel technology.

by on Jul.18, 2017

Mercedes decided not to offer diesel models, like this ML320 BlueTec, in the U.S. for 2017.

Daimler AG plans to spend about $255 million to recall and repair 3 million diesel vehicles that are at the center of a probe looking at whether the automaker rigged them to illegally pass emissions tests.

The automaker has been accused of using a so-called “defeat device,” an approach similar to that used by Volkswagen AG to rig 11 million diesel vehicles sold around the world. The Daimler recall, for now, is limited to models sold in Europe. But an investigation is underway in the U.S., as well, the Environmental Protection Agency stating it is “continuing to evaluate light-duty vehicles from a number of manufacturers.”

Clearing the Air!

Separately, the CEO of Porsche AG said the automaker is considering whether to halt the sale of diesels all together. Porsche shared one of the two rigged diesels produced by its parent Volkswagen in a number of different models.

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VW CEO Mueller Target of Criminal Probe

Despite concerns about role in diesel scandal, Audi CEO Stadler gets new contract.

by on May.17, 2017

VW CEO Matthias Mueller his now at the center of an investigation by German prosecutors over the ongoing diesel emissions scandal.

Already focused on a number of former Volkswagen employees, German prosecutors today said they are also investigating the possible role CEO Matthias Mueller may have played in the attempt to cover up VW’s diesel emissions scandal.

Specifically, Mueller and at least two others may have failed to properly informed regulators and investors soon enough once they learned that Volkswagen engineers had developed a so-called defeat device in an attempt to fool diesel vehicle emissions tests.

Global Auto News!

Even while the probe expands, however, news reports from Germany indicate Rupert Stadler, the CEO of VW’s Audi luxury brand, will have his contract extended five years. Though well-rated for his handling of Audi overall, Stadler has come under fire for his own, alleged role in the diesel scandal. (more…)

VW’s Mueller Under Investigation Over Diesel Scandal

Move comes from his time as head of Porsche.

by on May.10, 2017

VW CEO Matthias Mueller is under investigation over his role in VW's diesel scandal while he led Porsche.

Volkswagen’s woes related to its diesel scandal continue as Volkswagen Group CEO Matthias Mueller is now under investigation in Germany.

Prosecutors are investigating the possibility that he did not fully disclose details of the company’s emissions scandal to investors, according to multiple reports.

Global Auto News!

Until now, Mueller managed to remain above the diesel investigatory fray. Other VW executives, most notably former CEO Martin Winterkorn, who denied any involvement, but resigned anyway, have been caught up in the churn of queries over the 2015 emissions scandal. (more…)

Porsche Readying to Rule US Performance Market

Maker updates four models to better compete.

by on Apr.13, 2017

Porsche plans to offer 20 variations of its vehicles to keep sales strong in the highly competitive U.S. market in the next few months.

The U.S. is the most important performance market in the world and Porsche plans over the next few months to offer more than 20 new variations of its vehicles to its American and Canadian customers to ensure it stays on top, according to Klaus Zellmer, Porsche USA CEO.

“Demand for performance cars in the U.S. has never been stronger,” Zellmer said during the company’s press conference at the New York International Auto Show.

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He also noted that the German sport car maker also offers more choices than its competitors. “Our line-up has never been better balanced between two and four door models,” added Zellmer. (more…)

Porsche Aiming to Sell 20,000 Mission E Battery Sports Cars

Volkswagen AG brands battle it out for control of company’s EV efforts.

by on Nov.29, 2016

Workers at Porsche's Zuffhausen plant in Germany agreed to wage cuts in order to get the job of building the new Mission E.

Porsche is aiming for annual sales of about 20,000 Mission E battery-electric vehicles, according to the sports car brand’s chief executive officer.

That would make it one of the more important products in the company’s line-up and more than double the numbers needed to turn a profit, according to another company official.

Electrifying News!

The launch of the Mission E in 2019 is part of an aggressive transformation planned by the Volkswagen Group, currently the world’s largest automaker by sales volume. But news reports from Germany suggest that there is an internal battle brewing between various VWAG brands as they position themselves to take the lead in battery-electric vehicle development.

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Porsche Plugs in With Stretched Panamera Hybrid

German maker also reveals ultimate, track 911.

by on Nov.17, 2016

The new Panamera Executive Hybrid is just one of two new larger Panamera hybrids for the Chinese market.

Porsche’s popular Panamera has two more reasons to draw buyers into the brand, the automaker rolling into the Los Angeles Auto Show with both the new Panamera Executive model, and a plug-in model, the Panamera 4 E-Hybrid Executive.

Both start out as stretched versions of the second-generation Porsche Panamera launched earlier this year. The plug-in E-Hybrid is likely to find some momentum in the green-minded California market, where it will be positioned to take on the likes of the Tesla Model S.

Sports Car News!

The two versions likely will give Panamera more traction in China where there is pressure for more battery-based models – and where buyers love large rear seats. Think of the Executive as the first Porsche specifically designed to be driven in. (more…)

Porsche Charged Up about New Panamera E-Hybrid, New 911 Racer

New version of hybrid saloon goes farther and faster than predecessor.

by on Sep.28, 2016

The 2018 Porsche Panamera 4 E-Hybrid delivers 462 horsepower and 0-to-60 in 4.4 seconds.

Automakers tend to debut either ground-breaking green vehicles or mind-bending sports cars in Paris: Porsche’s providing the yin and yang this time with the debut of the 2018 Panamera 4 E-Hybrid and a track-ready 911 GT3.

The Panamera was the German performance car maker’s first four-door sedan when it debuted a few years back. It was a polarizing entry with love or hate being the primary responses. Since then, Porsche’s been refining the saloon car as they say over there, and the new version of E-Hybrid is the best one yet.

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The new model delivers a total of 462 horsepower and 516 pound-feet of torque using a combination of a 2.9-liter V6 gasoline engine with an output of 330 hp and a 100-kW electric motor. (more…)

Porsche Bringing Panamera Shooting Brake to Geneva

Utility, power and performance.

by on Sep.13, 2016

Porsche is set to bring the shooting brake version of the Panamera to the the Geneva Motor Show.

If the minivan is the station wagon of the 1990s and beyond, that must mean that a station wagon is the sports car of today. Porsche appears to think so as it’s preparing to introduce a shooting brake version of its Panamera next spring.

The “shooting brake” or as Americans would know it better, the station wagon, is making a bit of a comeback, mostly in high end brands like Mercedes-Benz, Audi and Volvo, which introduced new wagons in the last year.

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Prior to that, Ferrari with the FF and 2016 GTC4Lusso and Jaguar with the XF Sport Brake have been putting wagons on the road. There’s even a rendering of an Aston Martin model. (more…)