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Porsche officially drops diesel engines from its lineup

If you’re planning to buy a new Porsche unit powered by a diesel engine, better do it as soon as possible. This is because the German sports car maker has decided it has nothing to do with diesel engines anymore, no thanks to ever decreasing demand for such mills. Yes, Porsche won't be offering diesel-powered vehicles anymore.

Seemingly, gone were the days when diesel engines go toe-to-toe against gasoline mills for supremacy. Now, more and more carmakers are trying to shy away from diesel engines, but not because of gasoline powerplants. In the past few years, there has been a growing trend and increasing demand for electrified and all-electric products. On the other hand, the demand for diesel engines has been dropping.

Porsche’s decision to drop its diesel lineup could be traced back to the so-called Dieselgate scandal. This scandal involved the emissions of diesel engines employed by brands of the Volkswagen Group. This forced the group to re-focus its strategy and plan for a lineup laden with electrified – including all-electric – vehicles. Interestingly, Porsche is part of the VW Group.

Read the entire article Porsche officially drops diesel engines from its lineup

Porsche gives out fat checks for annual bonuses after a successful 2017

Working in the automotive industry can be such a great thing especially if you’re under the right company. We have heard of bonuses that brands like Audi, Daimler, and General Motors give, and they are pretty massive. This time, Porsche is giving away their fare share to their employees after a successful financial year in 2017. The automaker is giving away bonuses to around 23,000 workers.

The Porsche Executive Board and Group works council made an agreement to give a bonus of €8,600 plus the €700 that will be directed to company’s own pension scheme, or to individual ones. Aside from that, after 70 years of being in the industry, with their very first model, the 356 that dates back to 1948, the automaker will give employees an additional €356 to celebrate this model. Similar to last year, the automaker then gave their employees a yearly bonus of €9,111 to celebrate the 911.

To be fair to everyone, the company is not giving the same amount of bonus to every person in the company. The amount each person will be getting is based on their working hours as well as the amount of time they had been working in Porsche.

Read the entire article Porsche gives out fat checks for annual bonuses after a successful 2017

Porsche purges last diesel engines in lineup amid cultural shift to electrification

To jump onto the next step of going greener, Porsche announced that they will be getting rid of the last few vehicles that have diesel-fueled engines in their lineup, so that they could focus on electrifying their vehicles. In fact, European countries will no longer offer the Panamera and Macan with the oil burning mills. The first Macan S Diesel and Panamera 4S Diesel initially came out nine years ago.

In an interview between Autocar and Porsche, the automaker cited a cultural shift as the reason for the decision. There was also a regulatory reason behind the choice as there has been a software update that has recently been involved in an “ongoing consultation with the authorities”.

This was decided after the automaker chose not to launch the new version of its Cayenne SUV with a diesel engine. In fact, the Cayenne was actually the very first Porsche to offer diesel power back in 2009.

Read the entire article Porsche purges last diesel engines in lineup amid cultural shift to electrification

Porsche surpasses US annual sales record in 2017 with 55,420 deliveries

2017 was definitely a great year for Porsche as the automaker was able to break their sales record in the United States. Overall, they delivered a total of 55,420 vehicles, which stands for a 2.1 percent increase over the previous year.

Of course, you are probably wondering which model contributed the most to the total. And to answer your question, that would be the Macan. In fact, that nameplate alone sold 21,429 units, which is a huge improvement over 2016, which posted a total of 19,332 units delivered. Next in line is the Cayenne, which had 13,203 deliveries. The third most popular car would be the 911, which sold 6,731 units.

Just like the 911, 6,731 units of the Panamera premium sedan were sold as well. The Cayman and Boxster duo, on the other hand, reported 5,087 units in combined deliveries.

Read the entire article Porsche surpasses US annual sales record in 2017 with 55,420 deliveries

Porsche Cars North America, Inc. (PCNA), revealed that in the U.S. market, a total of 3,913 units were sold in December 2017. These are for the model lines that include the 718 Boxster, 911, Cayenne, Cayman, Macan, and Panamera. With this, total U.S. vehicle sales of the Porsche for 2017 are 55,420 units. This is higher by 2.1% when compared to sales in 2016, at 54,280 units.

Meanwhile, sales of the Porsche Approved Certified Pre-Owned vehicles amounted to 2,153 units. This represents an increase of 24.6% compared to sales in December 2016. In terms of total annual sales, the figure stands at 19,104 deliveries, an increase of 12.5%.

For December 2017, the Porsche Macan represented almost 37% of the total sales with 1,444 units sold. This was followed by the Cayenne at 24% with 940 units and at third is the 911 at around 20% for 773 units sold. However, it is worth noting that compared to the previous year, the Cayenne was down around 20% with the 911 experiencing a slight increase at 9%.

Read the entire article 2017 marks Porsche Macan’s best sales yet with 97,000 units sold, beats 911 by huge margin

There’s no stopping the increasing popularity of electric vehicles across the globe. Nevertheless, a lot of people are still into internal combustion and do not want that to become extinct. However, if Porsche is right, the future of performance could possibly be more silent. Klaus Zellner, Porsche’s President and CEO of North America spoke to Green Car Reports in Los Angeles and he said that hybrid technologies have brought more new buyers to Porsche showrooms more than any other models they have sold.

In the same interview, he said that the automaker expects half of its global sales volume to come from plug-in hybrids by 2025. In fact, this figure seems a lot more than what people might expect. It is also more aggressive than estimates from Porsche’s cousins at Audi, where 25 percent of global sales are expected to be of the hybrid variety for 2025 as well.

But for this to actually happen, Porsche will have to develop and offer more plug-in hybrid models. As of today, it is just the Panamera and the Cayenne that have such technology. In the near future, the Mission E will be part of the lineup, but this will instead rely solely on the electric power to provide its punch. And for other hybrid offerings, Zellner did not further expound on this matter, though he did talk about the other requirement for stronger plug-in hybrid and electric sales, and this is the car’s ability to recharge.

Read the entire article Plug-in hybrids will comprise half of Porsche sales by 2025, fast-charging system in the works

The Porsche Panamera sporty sedan offers a dynamic drive and comfortable ride, with the capability to accommodate up to four occupants. While the Porsche Panamera is a healthy proposition for North American drivers who wanted a performance-laden sedan, it does discourage potential customers looking for a sedan that could to ferry up to five occupants at a time.

Now Porsche is looking forward to win back those customers in the United States. Klaus Zellmer, chief executive of Porsche Cars North America, told Automotive News at the Frankfurt Motor Show that the German sports car maker is making available an optional rear bench. With this option, the Porsche Panamera sedan could accommodate five occupants, instead of the usual four. However, the bench option would be made available next year, so for now, Panamera sedan customers would have to settle for the four-seater.

As designed, the Porsche Panamera sedan carries two occupants on the front (driver and front passenger) and another two on the rear cabin (individually seated rear passengers). The individual seats on the front are separated by a center console, and so are the individual seats on the rear. This basically rules out the existence of a fifth passenger in the Panamera sedan.

Read the entire article Porsche confirms Panamera sedan would soon feature rear bench seat for fifth passenger

The 2018 Porsche 911 GT2 RS that made its debut not so long ago at the E3 video game expo in Los Angeles has already been sold out according to reports. That’s surprisingly quick and highly impressive for the 700-horsepower (521 kilowatts) sports car. It sold so fast that you probably didn’t even have enough time to consider it.

AutoBild says that Porsche’s plan is to produce 1,000 units of the 911 GT2 RS, and that every single one of them had already been accounted for. The company did mention that some of those examples will be reserved for 918 owners, as they get priority access to this model. Apparently, the 911 GT2 RS has a starting price of €260,000 or €289,000 in Europe. Deliveries will begin by fall this year. However, the company has not confirmed any of these details shared to us yet.

To make a more aggressive vehicle, the sports car has been provided with an aero package that is noticeable in the front and rear fascia - with a wide body kit as well as a massive rear wing. Throughout the inside the cabin, you’ll find carbon fiber trimmings, and to keep the weight down, a set of lightweight wheels has been put in.

Read the entire article Limited edition 2018 Porsche 911 GT2 RS is now totally sold out

Porsche wants to discourage a practice that has hounded its cars for decades. The German automaker Porsche produces a car; afterwards the released sports car will garner impressive reviews from the car enthusiasts. Then demand from interested customers will outweigh supply. And then these models will pop out like mushrooms in classified ads with corresponding inflated price costs. By now, this is nothing new to the automotive community, but GT head honcho Andreas Preuninger seemed to have had enough of this practice when it comes to Stuttgart's premium sports cars and hopes to counteract car flippers.

Porsche now wants to get even with those car flippers by throwing down a simple plan - making more detailed research of potential consumers of their sports car. Andreas Preuninger clarified that this is not a form of punishment, but is instead a brilliant strategy. Porsche's head of GT road-car development told Car and Driver at the launch of the 2018 911 GT3 that he personally likes to see the cars being used because it's the main purpose of building them, and the sports car are too good to be left in the garage and collect dust.

He further added that he doesn't fancy the business of people purchasing Porsche's cars just to make money on them, as this is not the main intention of the German automaker. He further said that the purpose of limiting the production of a car is not for it to increase its value in the passing days, and they don't want it to seem that they’re laying money on each car when they’re rolled out.

Read the entire article Porsche to lay down plan to counteract car speculators and flippers

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

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

When Porsche unveiled the Mission E Concept at the 2015 Frankfurt Motor Show, many have been left excited by the prospect of seeing and driving the carmaker’s first all-electric sports car. But, would sports car buyers still be excited to get a piece of the production version of the Mission E when it finally arrives in 2019?

It seems Porsche chief executive Oliver Blume is confident that the Mission E would attract a good number of buyers. As for the figure, Blume told Automobilwoche that he expects a huge demand for Porsche’s first all-electric pegged at a “calculated” number of 20,000 examples.

That would mean that the Mission E would be nearly as popular and nearly as sensational as Porsche’s best-seller – the 911. In 2015, Porsche delivers over 31,000 units of the 911 around the world, over 8,000 examples of which were turned over to their new owners in the United States. Delivering 20,000 units of the Mission E worldwide would be an ambitious objective for Porsche, at least for now.

Read the entire article Porsche expects Mission E to be a top-seller, 718 Boxster electric could be possible

A look at the number of cars sold by Porsche AG globally in 2015 from the start of the year until November shows a huge figure of 209,894 cars, which is equivalent to a 24% increase as compared to that in 2014. This is the first time that Porsche has crossed the mark of 200,000 vehicles in a single year.

In 2014, this sports car maker had made a record of making 189,849 deliveries across the world. Thanking the employees for this huge success, Detlev von Platen, Board Member of Sales and Marketing division said that the company has reached this milestone way before the expected date in its strategy 2018.

This has been possible only because of the joint contribution of Porsche employees throughout the world. Porsche, with its full equipment, motivated staff, strong sales partners and futuristic product line, is destined for a successful future. In November alone, the company completed a total delivery of 18,110 cars and in this figure, the Cayenne was the biggest growth driving name.

Read the entire article Porsche breaks its own record delivering over 200,000 vehicles this year

Porsche delivered a record 189,850 cars in 2014, which is a new record for the German manufacturer owned by the Volkswagen Group. According to the official press release, Porsche sales increased by 17 percent in 2014 over the previous year and in December the 20,000 unit barrier was broken. What’s more interesting is that the new Porsche Macan was the star in 2014 and about 45,000 units were sold in the first year of its launch.

As a result, Porsche is confident that it can sell more than 200,000 cars in 2015. In addition, delivered of the Porsche Panamera increased by 13 percent than in the previous year, while 30,000 units of the 911 left the dealership.

The Cayenne also saw a strong demand in China and with 6,400 units delivered in December, the number almost doubled compared to December 2013.

Read the entire article Porsche confident that it can sell over 200,000 vehicles in 2015

Porsche introduced the 918 Spyder back in 2013 and promised that it will only build 918 units, each starting at $845,000 or at $929,000 when equipped with the Weissach Package. Despite the impressive price tag, the German supercar is almost sold out and according to Andre Oosthuizen, vice president of marketing for Porsche Cars North America, planned production is sold out through early April.

Porsche also announced that the production of the 918 Syder plug-in hybrid supercar will end in July, which means that those who wanted to buy it they better hurry up in order to get one. What’s more interesting is that around 30 units were delivered globally so far and according to Automotive News.

Meanwhile, few units were recalled last summer due to a rear-axle problem. For those who don’t know, the 918 Spyder is powered by a 4.6-liter V8 engine that produces 608 hp. The engine is coupled to a hybrid model that consists of a 115 kW electric motor and a decoupler that serves a connection with the combustion engine.

Read the entire article Porsche 918 Spyder is almost sold out

Porsche will be able to achieve its target of selling 50,000 vehicles in the United States in 2015, around three years earlier than initially planned, according to Andre Oosthuizen, vice president of marketing for Porsche Cars North America Inc. He expressed confidence that the carmaker would top 50,000 sales “definitely” next year.

Porsche logged a 21-percent surge in sales in the US for the full year 2013 to 42,323 vehicles. So far this year, the carmaker jumped 12 percent to 35,366 – outpacing the 6-percent growth posted by the overall light-vehicle market during the nine-month period.

Oosthuizen quipped that Porsche is seeking sustainable growth, adding that while the brand could achieve the 50,000-unit sales goal this year, it may not be enough to reach the figure.

Read the entire article Porsche confident of selling 50,000 units in the US by 2015

It’s not a secret that China loves SUVs, especially those made by Porsche. In fact, China may soon replace the United States as Porsche’s largest market and this could happed as soon as this year. In September, Porsche sold 4,344 vehicles in China in September, while in the United States only 3,607 vehicles left the showrooms. Still, in the first nine months of this year, Porsche sold 35,292 vehicles in China, while the United States sold 35,355 units.

This means that U.S. leads the “competition” with 3,000 units but China is growing fast thanks to the Cayenne. Global sales of Porsche increased by 22 percent in September, to 15,828 vehicles and by 13 percent to 135,652 units through September. Back in July, the Cayenne received a facelift for the 2015MY, which could increase sales even further.

The vehicle received a new design that includes new bi-xenon headlights with four-point LED daytime running lights as standard, new front wings and bonnet as well as new airblades. At the rear, the Cayenne received new taillights and automatically activating boot lid as standard.

Read the entire article China could replace the United States as Porsche’s largest market thanks to the Cayenne

Porsche saw sales of its sports cars and SUVs surged 8 percent in the first half of 2014 to 87,800 vehicles, boosted by strong demand for the Panamera sedan and growth in Europe. According to Bernhard Maier, Porsche's head of sales and marketing, the brand is expecting further gains in the next months when it is rolling out the Macan worldwide.

Porsche posted a 14-percent climb in sales in Europe in the first half of 2014 to nearly 30,000 cars, thanks to a recovery in consumer for vehicles at markets outside of Germany. The sports car maker saw sales in Germany soar 7.5 percent.

Porsche also logged an 8-percent rise in sales in the first six months of the year in the United States to 22,919 units. It also recorded an 8-percent hike in volume in China in the period to 19,785.

Read the entire article Porsche logs 8% gain in sales in first half 2014 to 87,800 units

Back in April, Porsche unveiled the entry-level Macan in China as the market demanded a smaller engine for company’s crossover. The new Macan arrived at the 2014 Beijing Motor Show a.k.a. Auto China 2014 on April 20. Powered by a 2.0-liter four-cylinder petrol engine, the new Macan is expected to outsell the V6-powered versions in China due to the reduced fuel consumption but also due to the reduced fuel consumption tax of 12 percent.

The bigger 3.0-liter V6 engine has a 25 percent fuel consumption tax. The bad news is that this four-cylinder version of the Macan will not arrive in markets such as Germany and France due to the fact that all the left-hand-drive production of this model is built for China.

According to a Porsche spokesman, the demand will be strong in China, but the company doesn’t expect the same interest from right-hand-drive Asian markets such as Japan. As a result, the 2.0-liter Porsche Macan is expected to sell in very small numbers in the United Kingdom.

Read the entire article UK is the only European market that will get a four-cylinder Porsche Macan

Porsche expects its earnings to stabilize this year as it makes investments the United States and China. The sports carmaker will concentrate its investment spending on adding distribution outlets in emerging markets, with around 30 new dealerships intended for China by 2015. Porsche said in a statement that investments in the US will reach $100 million.

Porsche posted a 6-percent rise in operating profit in 2013 to EUR2.58 billion ($3.58 billion), and its 18-percent return on sales was the highest margin of any division at Volkswagen Group. Porsche has managed to sustain earnings growth as weak demand for volume brands didn’t affect demand for upscale units.

Porsche said that its operating profit for this year will be "at least" at the 2013 level. "We're well prepared for the current fiscal year," chief financial officer Lutz Meschke said. Porsche posted a 15-percent rise in global deliveries in 2013 to a record 162,145 cars and SUVs. The carmaker saw demand for the Boxster roadster and Cayman sports car more than doubled last year and rolled out fresh variants of the 911.

Read the entire article Porsche sees stable earnings for 2014