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You also might be interested: porsche 911, sales, porsche 918 spyder, successor, turbo, edo competition, cabriolet, techart, sports car, ferrari, profit, vw, concept, gemballa, porsche 991

Porsche employees get record-high €9,111 bonus after very successful year

Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the deliveries in 2015. And as we all know, each 911 sold gives them a net profit of $17,250, making it the company’s cash cow.

Porsche decided to share the success with their hardworking employees. The company will be rewarding around 21,000 employees with a really fat paycheck this time. Now, the amount isn’t random. In case you were wondering, Porsche decided to make this incentive match the figure on its iconic 911 model.

But no, they aren’t just offering €911, instead, each employee gets €9,111 (or $9,830), not a trivial amount at all. Wow, it must be pretty awesome to work in a company that is so generous. The employees won’t get the sum in one instance. The bonus will be divided into two components. A contribution of €700 ($755) will go to the Porsche VarioRente pension scheme or to individual pension schemes, while the bigger amount at exactly €8,411 ($9,075) will go directly into their bank accounts. That’s still a pretty good deal I say, particularly since it adds to the employees’ vital retirement fund.

Read the entire article Porsche employees get record-high €9,111 bonus after very successful year

Porsche 918 Spyder successor not coming in the near future

Porsche is laying aside any plans of pushing another hybrid hypercar into their line-up -- at least not at this time. Oliver Blume, Porsche Global Chief confirmed in a recent conversation with Motoring that a 918 successor is definitely not in the cards right now.

Notwithstanding the fact that Mercedes-AMG and Aston Martin are moving forward with a new breed of hypercars, it is unlikely for Porsche to slip out a new 918 Spyder anytime soon.

Blume explained how Porsche usually launched special models every ten years. He said that since the 918 Spyder was just launched in 2015, it makes it quite unlikely for another hybrid hypercar to be in the works.

Read the entire article Porsche 918 Spyder successor not coming in the near future

Olive Green Porsche 911 Turbo S Cabrio by Edo Competition simply can't be ignored

Green lovers of all ages, rejoice! Edo competition modified a Porsche 911 Turbo S and made it look astounding! Third party tuner companies thrive on clients wanting to further modify their automobile. So whether it’s the car's paint, hood, exhaust, wheels, these tuners got it all covered, with a fee of course. These customers flock to the big players like Kahn Design, Startech, Onyx Concept and Arden to further aesthetically modify their rides to their hearts content, even if it means dishing out some cold, hard cash.

Things got more interesting when Edo Competition, Stuttgard's finest, took on the Porsche 911 Turbo S and made it into a Green Mean Machine - turning everyone green with envy everywhere it went. There were not a lot of tuning companies who knew the Porsche releases inside and out quite like Edo Competition. The namesake founder of this company, Edo Karabegovic, worked at a Ferrari shop for three good years and afterwards toiled on race cars for around 8 years. To him, the experiences working around race cars piqued his interest more and more, and one day decided to start up his own tuning company.

Customizing the Porsche 911 Turbo S is quite a feat, and making it stand out is just legendary. Edo Competition gave the sports car an all exclusive look-- splashed it with green and gave it the moniker "PTS Oliv- Green 274". The modifying company exclaimed that this one-of-a-kind color is the "first in the world". The super car is also fitted with Black alloy wheels and bright yellow calipers to further enhance the car's body color, and it sure is working to their liking.

Read the entire article Olive Green Porsche 911 Turbo S Cabrio by Edo Competition simply can't be ignored

TechArt builds 720 hp Porsche 911 (991) Turbo as a cabriolet

TechArt’s latest project, the Porsche 911 Turbo itself, is a pretty awesome car to own. And it’s not only because of its powerful engine, and beautiful exterior design. However, some people just can’t get enough of what is already in the market. What do I mean by that? The German automobile tuner came up with an even more extravagant design, sans roof, calling this version the GTstreet R Cabriolet.

Some of the highlights of this car in terms of performance are its powerful engine with the capacity to deliver 720 horsepower (or 530 kilowatts) and 678 pound feet torque, allowing it to accelerate from zero to 100 kilometers per hour in a mind-blowing 3.5 seconds, while proceeding to its maximum speed of 340 kilometers per hour (211 mph) -- that is even faster than a 911 Turbo.

The wonders of this car don’t end there. It has an adjustable rear wing just like the one on a GT2 RS that can tilt up to 15 degrees for an added downforce, allowing the car to travel faster. In fact, this model has the ability to produce 707 pounds (321 kilograms) of downforce at 186 miles per hour (300 mph) - this was proven when it was tested in a wind tunnel. These are made possible by its new aerokit that features an active spoiler lip, carbon front fenders, and carbon side skirts.

Read the entire article TechArt builds 720 hp Porsche 911 (991) Turbo as a cabriolet

To the proud owners and owner-to-be of the Porsche 991 Carrera GTS, there's good news for you all. German automobile manufacturer Porsche recently confirmed to the public that the Porsche 911 will be offering increased range of modifications: new color alternatives, increased horsepower of up to 30 (22 kilowatts), and connectivity services.

The two-door, high performance and exclusive sports car will be all that any car aficionado will talk about in the coming days as those who are looking to own a sports car from the Porsche 911 line-up can now opt for a kit that can give the 911 S, 4S and Targa 4S a 30-hp expansion to 444 hp (331 kilowatts). Further modifications that come along with the kit includes larger turbos, dynamic engine bearings, modified brake cooling and even a sports exhaust- How cool is that? To 911 S owners hoping to up their game, the automaker powerhouse can equip their existing rides but is requiring the Sports Chrono Package to be present before any upgrades can be executed.

The Sports Chrono Package which can enhance the performance of 911's responses with a click of the button, is compatible with the GTS cars. But this package won't come cheap, as it has a price tag of over $12,350 with a manual transmission or otherwise a cost of $12,870 with the PDK. The seven-speed Porsche Doppelkupplug (PDK) dual clutch transmission serves as an option. Retrofit pricing is not made available yet by the German company. Also included are the PASM active suspension, a dynamic light system with bixenon headlights and a ritzy interior lined in faux suede and optimum leather.

Read the entire article Porsche 911 lineup to get more power, additional perks for the 2017MY

Have you ever wondered how much luxury car companies profit from every vehicle they sell? And which companies profit more? Well, in 2016, Porsche sold over 238,000 vehicles. That is quite a huge number considering their cars are very pricey, but it doesn’t end there.

That number then translates to a total operating profit of €3.9 billion ($4.1 billion), which according to Bloomberg, is a fourteen percent increase since 2015, and a net profit of $17,250 per unit, with a nine percent increase as well. In other words, for every Porsche 911 sold, the profit amounts to the value of a new car by another brand.

Other companies such as Daimler AG and BMW, which both have roughly the same margins, have a net profit of about $5,000 per vehicle in 2016. But none of the above (Daimler, BMW, or Porsche) can compare with the amount this other company is earning.

Read the entire article Porsche’s net profit on each vehicle went up 9% in 2016 to $17,250 but Ferrari earns almost $90,000

Porsche SE’s shareholders were rumored to be planning to oust former Volkswagen Chairman Ferdinand Piech from the company’s supervisory board in a future meeting scheduled on May 30, raising questions on how his large share in the company will be handled. A list of candidates will be finalized during the scheduled meeting. While Hans Michel Piech, Ferdinand Piech’s brother, and Wolfgang Porsche are among the candidates, Ferdinand Piech name is nowhere to be found, the German national Sunday newspaper Bild am Sontagg cited.

Nevertheless, the shareholders may not even have to vote on whether to boot Piech off as he is in talks of selling his 14.7 percent stake in Porsche SE that amounts to nearly €1.1 billion (about $1.2B) in shares. This move could likely have a negative impact to the future of the automobile powerhouse’s business. Although it is said that Porsche and Piech families were discussing who will purchase the said shares, it is still not finalized if a deal will push through in the near future.

Both families are the major shareholders and they account for 52 percent of the Volkswagen’s common stock through Porsche Automobil Holding SE. Furthermore, the two families will be given a right to first refusal to purchase the very crucial share that represents almost 7.35 percent of the economic state in Volkswagen respectively. A close informant familiar with deliberations indicated that Piech could possibly sell to an outsider if they fail to reach an agreement.

Read the entire article Ex-VW Chairman Ferdinand Piech’s 14.7% Porsche stake may soon be up for grabs

For an automotive company that was founded 86 years ago, you would expect that it would have already developed several amazing concept cars throughout those years.

To settle the argument, Porsche decided to feature their top five concept cars in a short video.

Read the entire article Video: Top 5 concept cars from Porsche

Stuttgart-based Gemballa has officially unveiled at the 2017 Geneva Motor Show its very own version of the Porsche 911 (991), the designation of the seventh generation of the 911.

Those familiar with this tuning may say that this is nothing new as Gemballa has long been giving the Avalanche treatment to the 911 going all the way back to 1985 when Porsche came out with the 930. So what is causing all the excitement then?

Well, for starters, Gemballa was able to wrest an additional power from the biturbo six-cylinder 3.8-liter engine of the base model. That extra power amounted to 280 hp (209 kW) giving the 2017 Gemballa Porsche 911 Turbo a total output of 820 hp (603 kW). That’s not all as the tuning company was also able to get additional torque of 214 lb.-ft. (290 Nm), thus effectively making the new maximum torque at 700 lb.-ft. (950 Nm).

Read the entire article 2017 Gemballa Avalanche Porsche 911 (991) Turbo is all about power

Porsche never ceases to amaze us as each of its new vehicle offerings is incredibly sexy and high-performing – just like the new Porsche 911 GT3, which has been updated for the 2018 model year.

Now on display at the 2017 Geneva Motor Show, the Porsche 911 GT3 gets new mechanical features that would leave purists drooling.

Porsche will commence sales of the 2018 Porsche 911 GT3 in the United States this fall at a manufacturer suggested retail price of $143,600, which excludes $1,050 in delivery and handling fees.

Read the entire article 2017 Geneva Motor Show: Porsche 911 GT3 gets new 500 hp engine and six-speed manual gearbox

The Porsche 911 Carrera 2 (964 generation) is definitely one of the most beautiful classic cars out there. Nearly 30 years since it was launched, the 911 Carrera 2 still attracts attention when driven on the road and especially when parked on anyone’s lot. We are still able to see a good number of older generation Porsche sports cars to this day thanks to owners who really take care of their rides, even going to the point of spending thousands of dollars for restoration works to make them look as elegant as they were in the early 1990s.

However, a certain custom shop based in Vanosc, France has gone beyond expectations on how a Porsche 964 sports car should be reworked or restored. After all, this 911 Carrera 2 has been transformed into a rat rod by French creative group Danton Arts Kustoms, which prides itself as a company that specializes in converting rides into hot rods that were the trend in the pre-war era (World War II).

Recently displayed at the International Auto Show, this particular 911 Carrera 2 Rat Rod is definitely a show stopper – not because it was beautifully elegant, but because it seems really out of this world, something that would even earn the ire of a true-blood Porsche fan. According to reports, the whole front portion of the 911 Carrera 2 was chopped off, literally cutting the classic sports car into half. This was done in order to mount another engine to this Porsche 911 Carrera 2.

Read the entire article Porsche 911 Carrera 2 is transformed into a rat rod by French customizer Danton Arts Kustoms

When Porsche announced the 911 R (991 generation), the brand said that this limited edition model would only have 991 samples. With the production model limited in number, it was easy to predict that the price of a Porsche 911 R would shoot up significantly in the open market. In fact, Porsche has sold out the limited edition version of the 911.

When it was still being offered as a new unit fresh from factory, the Porsche 911 R was fetching a starting price of $184,900 each. However, when options are availed and taken into account, a new Porsche 911 R would cost more than $184,900. But even if all options are added, a new Porsche 911 R wouldn’t have a price of nearly $1 million. But in the open market, a group is actually selling Porsche 911 R close to this humongous amount.

Here comes Supercar Advocates, a group that purchases, takes deliveries and reviews sports cars, and super cars including those made by Ferrari, Porsche and Lamborghini. It is selling a Porsche 911 R – pretty new based on its somewhat pristine exterior appearance and its odometer figure – through Australian automotive sales Web site Carsales. According to Supercar Advocates, this unit is a 2017 Porsche 911 R that has been only driven for 68 kilometers – just the mileage you could get during delivery of a vehicle. Wrapped in white exterior finish, this limited edition sports car comes with 911 R stripes in green as well as green side stripes with Porsche script in black. Likewise, this Porsche 911 R being sold by Supercar Advocates features full bucket seats in leather.

Read the entire article Aussie web site is selling Porsche 911 R with only 68 km on odometer for nearly $1 million

After Porsche launched the Panamera luxurious sporty sedan in 2009, the German sports car maker received numerous requests to follow it up with a wagon version. When 2012 came, many rejoiced when Porsche unveiled the Panamera Sport Turismo Concept at that year’s Paris Auto Show. Until recently, Porsche had not released any official information about the wagon production version of its sporty sedan.

But today, we get an official preview of the wagon version of the Porsche Panamera. The thing is, Porsche doesn’t want to call it a wagon (even if it does fit the description). The global debut of the 2018 Porsche Panamera Sport Turismo (not a concept anymore) is scheduled to happen in a few days at the 2017 Geneva Motor Show.

It will be displayed and subsequently be available in five flavors: Panamera 4 Sport Turismo, Panamera 4S Sport Turismo, Panamera 4S Diesel Sport Turismo, Panamera 4 E-Hybrid Sport Turismo and Panamera Turbo Sport Turismo. All of these will be available for the 2018 model year.

Read the entire article Porsche introduces Panamera Sport Turismo wagon ahead of 2017 Geneva Motor Show

In this ever-evolving automotive world, there are only a few things that stay the same. These perhaps are the lifelong dreams that people strive to turn into reality. Wonder what some of these dreams are made of? We think we have the answer to that. A dream car and a dream garage.

What we have here is a true story initially published in Porsche Klassik 10 magazine before it made its way to “The Porsche newsroom”, a Porsche exclusive news site for journalists and the online community. Read on and be inspired.

The story begins with a forty-six-year-old securities manager for a big banking firm from Nuremberg Germany. This man is redefining the idea of what a dream garage should look like. Andreas Kümmel, who also owns a Porsche 911 G-model Speedster, thinks the car of his dreams deserves nothing less.

Read the entire article An inspiring news bit about a 1989 Porsche 911 Speedster owner and his dream garage

To customers and clients seeking more hybrid power in the Porsche Panamera, the German sports carmaker has heard your prayers. Coming to town is a new and more powerful version of the Panamera’s hybrid kind – the new 2018 Panamera Turbo S E-Hybrid.

Don’t make the mistake of assuming that this Panamera 4 E-Hybrid is your ordinary sporty hybrid sedan. It has enough power to outsprint and outrun majority of the cars on the road. Its core is a hybrid unit composed of the twin-turbo 2.9-liter V6 engine and an electric motor as mounted on the front. The V6 engine alone delivers around 330 hp of output as well as around 331 lb.-ft. of torque.

Its electric motor, meanwhile, is capable of providing 136 hp of max output and 295 lb.-ft. of peak torque. Thus, the hybrid system could deliver a total output of 462 hp (340 kW) and total torque of 517 lb.-ft. (700 Nm). Power is sent to all four wheels through an eight-speed Porsche Doppelkupplung (PDK) automatic transmission – allowing the Porsche Panamera 4 E-Hybrid to zoom from zero to 60 miles per hour in just 4.4 seconds, on the way to reaching a top speed (track) of 172 mph.

Read the entire article 680 hp Panamera Turbo S E-Hybrid easily achieves 0-60 mph sprint in 3.2-seconds

Here comes the latest Gemballa Avalanche! Yes, Stuttgart-based tuning company Gemballa Automobiltechnik GmbH & Co. KG is planning to reveal its latest iteration of the Gemballa Avalanche at the upcoming 2017 Geneva Motor Show.

Most of Gemballa’s creations are derived from either a Porsche car or a McLaren unit. However, the latest creation of the tuning firm is from fellow German company Porsche. This time, Gemballa decided to craft the 2017 Avalanche from the Porsche 991-series 911 Turbo.

So far, Gemballa has only provided two images of the 2017 Gemballa Avalanche. One of the images shows the front end of the Avalanche, while the other displays the rear part of the sports car. Based on the provided images, the 2017 Avalanche is like a Porsche 911 Turbo on steroids. It is virtually wrapped in deep purple, with a number of carbon fiber accents lurking across the sports car. One of these carbon fiber elements is the huge bulge on the bonnet of the Gemballa Avalanche.

Read the entire article Gemballa previews Avalanche based on Porsche 911 Turbo prior to 2017 Geneva Motor Show

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the luxury arm of Toyota. This will be the sixth straight year that Lexus has taken the top spot on this list. Following Lexus is Porsche, the same position it was in last year.

Rounding out the top 5 are Toyota, followed by Buick and the Mercedes-Benz. Making its way to the top 10 are Hyundai (6), BMW (7), and Jaguar (10). However, this meant that some of those in the top 10 last have dropped further like GMC (14) and Lincoln (12). Acura dropped below the 20 rank to number 23 with Ram experiencing the biggest drop and now at number 28.

This meant though that Toyota retains the lead, taking two of the top three spots. In addition, Toyota also managed to get 10 segment awards, the most number by far since the study was first done. Other awardees include GM with four, and Honda, Ford, Mercedes-Benz, and Volkswagen each getting one award.

Read the entire article Lexus and Porsche are J.D. Power’s most dependable brands for 2017

A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show.

At present, the standard model is available in two versions. There is a normal trim and there is the Executive extended version that was made specifically for the Chinese market. The plug-in hybrid system is composed of the twin-turbocharged 2.6-liter V6 engine and an electric motor. The electric motor can deliver 134 hp (100 kW) with the V6 engine being able to offer an output of 330 hp (243 kW). This results in around 462 hp (340 kW) of power and is complemented with maximum torque of 516 lb.-ft. (700 Nm).

Reports though are saying that if the brand does come out with a performance model, it is expected to have power of at least 500 hp (373 kW) and thus allow it to have maximum speed of at least 180 mph (289 km/h). If true, this will make it the second fastest Panamera right behind the Panamera Turbo. Various reports also say that this performance model will likely be unveiled at the same time as Porsche will reveal the Panamera Sport Turismo shooting brake, which is next month.

Read the entire article 2018 Porsche Panamera Turbo S E-Hybrid coming to Geneva

During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to remove the roof or the sides of the vehicle. To prepare for these situations, rescue people like fire fighters train and practice. Of course, they need something they could practice on, and usually, an old vehicle on its way to the scrap yard is utilized.

But for a certain fire service school based in Nuremberg, Germany, firefighters have the privilege of practicing the removal drill using a new Porsche Panamera -- as donated by the German sports car maker. Apparently, Porsche has found it more productive for fire fighters if they get to practice on a new vehicle, rather than on an old vehicle. After all, the roads in Germany – one of the centers of vehicle production in Europe – are increasingly becoming home to a greater number of new vehicles.

Actually, this practice car employed at the fire service school was a pre-production development version of the Porsche Panamera. Most of the time, pre-production vehicles are laden with unusual features and elements, making them a possible liability once sold to the public. Thus, once a carmaker has already realized the need for such pre-production unit, it would send this car to be scrapped. But, in the case of this pre-production Panamera, Porsche has taken a different route. According to Porsche, the pre-production Panamera unit “had already served its purpose” and was no longer required at the company, so it has decided to donate this car to the training facility.

Read the entire article Porsche donates pre-production Panamera to be cut apart during rescue drills

Just recently, it was speculated that a new Porsche Cayman GT4 RS is coming. There is no official confirmation yet from the German sports car maker, but the arrival of the 2018 Porsche Cayman GT4 RS was inadvertently revealed.

How do we know that a new vehicle is coming? The most reliable information would be an official announcement from a carmaker. Their officials and executives could also drop a big hint over the new offering. In addition, insiders could also provide vital information over an upcoming vehicle. Spy images of new vehicles also serve the purpose.

Dealers could also be the source for information about new and yet-to-be-announced models. At times, they hold private presentations to a select group of clients who they believe are likely buyers of the new vehicle. During these presentations, sneaky clients could take some pictures and leak them.

Read the entire article Australian Porsche dealer leaks Cayman GT4 RS arrival through Instagram post
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