|Bid||67.58 x 14100|
|Ask||67.62 x 12000|
|Day's Range||67.58 - 68.62|
|52 Week Range||53.60 - 70.66|
|Beta (5Y Monthly)||1.61|
|PE Ratio (TTM)||5.24|
|Earnings Date||Mar 17, 2020|
|Forward Dividend & Yield||2.21 (3.24%)|
|Ex-Dividend Date||Jun 28, 2019|
|1y Target Est||N/A|
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Porsche AG shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model, the Taycan, will generate further growth in 2020.Global deliveries rose 10% to 280,800 cars in 2019, driven mainly by strong consumer appetite for the Macan and Cayenne sport-utility vehicles, Porsche said Monday in a statement.“We’re optimistic that we can sustain the high demand in 2020,” sales chief Detlev von Platen said in the statement. Sales momentum should benefit from “the introduction of some new models and full order books for the Taycan,” he said.The most profitable division of Volkswagen AG, the world’s largest automaker, is entering a new era with this year’s rollout of the Taycan four-door sedan, which challenges Tesla Inc.’s Model S electric car. Porsche’s cachet has been shaped for decades by fast sports cars with roaring combustion engines, and success of the costly expansion into electric vehicles is mission-critical for the German manufacturer amid stricter emission regulations in key markets.Sales rose 8% last year in both China and the U.S., Porsche’s two largest markets. It sold 86,752 cars in China, where luxury rides have been less affected by the waning demand hurting the overall market, and 61,568 cars in the U.S. In Germany, sales advanced 15% to 31,618 vehicles.Porsche’s deliveries picked up toward the end of 2019 after sales in the first half of the year were held back by more complex emission tests in Europe and the decision to phase out diesel-engine offerings. Following the roll out of the Taycan, Porsche plans to add a more spacious version of the vehicle dubbed Cross Turismo at the end of 2020.Porsche embarked on a far-reaching overhaul to mitigate surging development costs for electric cars and new software features, which is aimed at lifting earnings by about 6 billion euros ($6.7 billion). The steps are needed to keep Porsche’s operating margin above a long-standing target of 15% return on sales as electric cars are still less profitable than combustion-engine vehicles like the 911 sportscar.(Updates with detail on Taycan plans in sixth paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at email@example.comTo contact the editors responsible for this story: Anthony Palazzo at firstname.lastname@example.org, Ville Heiskanen, John BowkerFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Porsche is no stranger to building special-edition 911s, but with Thursday's announcement of an upcoming run of just 75 units being made exclusively for the Belgian market, well, we can't help but think that maybe the pickings are getting a bit slim over in Stuttgart. Jacky Ickx is a name firmly associated with some of the world's most cherished and well-known racing series. Ickx won Le Mans a half dozen times, after all, and championed cars for Lotus and Ferrari in Formula 1 during the wild and experimental 1970s.
Porsche offers a slew of courses, or experiences, at its Porsche Experience Center in Atlanta, as well as a new facility out in Los Angeles. I decided to take the Porsche 911 GT3 experience for a spin.
The 2019 Porsche Panamera Sport Turismo is the Porsche Panamera you want to buy. It’s a wagon, and it’s a Porsche – enough to make any gearhead swoon. According to Porsche North America boss Klaus Zellmer, the Panamera Sport Turismo makes up a mere 10% of all Panamera sales in the United States – a mere 800 in total, virtually nothing.
The sun has set on the seventh generation of Porsche's iconic 911 sports car, as the final 991-generation model has rolled off the assembly line. The final tally for the seventh-generation 911 is 233,540 examples, the last of which is a silver Speedster convertible. The 991-generation made its debut at the Frankfurt Motor Show in fall 2011 as the replacement for the 997.
Tesla shares hit a record high Thursday, capping a nearly six-month run during which the stock has more than doubled.
Porsche is going where no automaker has gone before: to a galaxy far, far away in the latest "Star Wars" installment, "Star Wars: The Rise of Skywalker." Porsche designers engaged in a collaboration with their counterparts from Lucasfilm to design a ship for the movie, the Tri-Wing S-91x Pegasus Starfighter. Porsche Style Vice President Michael Mauer says the tapered shape of the Starfighter's cabin references the 911 and the Taycan. Porsche also draws a parallel between the Starfighter's front styling and the front air intakes and headlights of the Taycan.
Porsche typically concerns itself with terrestrial vehicle designs, but for a new project it worked with Lucasfilm designers in collaboration on a new starfighter for the Star Wars universe. Note that the S-91x won't actually be in the movie -- it's more of a design exercise and promotional thing than something that is actually intended to feature in narrative Star Wars universe content. Porsche designers even zeroed in on cockpit comfort and ergonomics with this spacious three-seater design, which is more than you can say for whoever created the cramped and pretty austere interior of the X-Wing, or the submarine-during-combat-maneuvers cabin lighting of the TIE fighter cockpit.
Lidar startup Aeva has deepened its relationship with VW Group with a new investment from Porsche Automobili Holding SE, thanks to a next-generation sensor that is headed for the ID Buzz AV, an electric reboot of the automaker's iconic bus that will be used as autonomous taxis. Aeva's newest lidar product, called Aeries, has a 120-degree field-of-view — twice as much as its first product — and yet is half the size and uses less power. All of the components of the new lidar fit onto a single chip, an achievement that Aeva CEO Soroush Salehian said will cost $500 at scale, considerably cheaper than current sensors on the market.
The Porsche Taycan Turbo already passed its biggest initial test. After initial Porsche estimates pegged the Taycan Turbo's full-charge range at about 280 miles using the generous WLTP rating, the EPA gave it an official range of 201 miles. In our First Drive Review of the Taycan, we guesstimated a real-world driving range of about 230-240 miles with the idea that most drivers will be baited into taking advantage of the Taycan's performance prowess.
Porsche Automobil Holding SE (OTC: POAHF ) has received down payments from 30,000 customers in Europe for its first all-electric car Taycan, according to Reuters . What Happened Porsche’s CEO Oliver Blume ...
Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker's first fully electric model, CEO Oliver Blume told Germany's Handelsblatt newspaper. Porsche, which is starting shipment of the Taycan to U.S. dealerships this month and to other markets shortly thereafter, is planning to deliver 20,000 Taycans in 2020. Porsche is under pressure from peer Tesla , which last month announced that it will build its first European factory and design center near Berlin.
The 2020 Porsche Taycan Turbo S may be the company's state-of-the-art electric car right now, but that may not last long. In one of its own tech articles, Porsche revealed that it's working on a four-motor electric powertrain, which is two more motors than the Taycan has. As Porsche explains, what makes a four-motor powertrain desirable isn't so much more power, but more control.
Not long after the Porsche 918 Spyder went out of production in 2015, the automaker began internal debate about what kind of powertrain it would use in the follow-up. In 2017, Porsche voiced its desire to move its hypercar game on with a battery-electric powertrain, beyond the hybrid 918. The problem — echoed by McLaren — was that battery technology wouldn't make such a BEV possible until at least the middle of the 2020s.
Flying taxis are coming to a city near you, and their biggest backers aren’t the hundreds of shiny startups that have captured the imagination of Silicon Valley
Israeli automotive technology startup Tactile Mobility said on Tuesday it secured $9 million in funding from Porsche, Union Tech Ventures and previous investors. Tactile Mobility said it plans to use the funds, which could grow to $14 million, to further develop its technology and data offerings and expand marketing operations. Tactile Mobility develops software that uses a vehicle's non-visual sensors, including wheel speed, wheel angle, RPM and gear position to help smart and autonomous vehicles "feel" vehicle-road dynamics and road conditions below their tires.
Tesla Inc's attempts to humble Porsche with a new lap record on Germany's legendary Nordschleife racetrack have reignited a controversy about the value of lap times, as the circuit steps in to quash claims of cheating. Porsche and U.S.-based Tesla are battling to establish supremacy in lap times for four-door electric sportscars, but comparisons are not exact, as conditions, ranging from car modifications to tyre types, vary with each test. "We want to have circumstances that can be understood and replicated," said Nuerburgring spokesman Alexander Gerhard, adding that the racing circuit operator had moved to tighten rules by which a car maker can claim a certified lap time.
Boeing is already competing with arch-rival Airbus SE and other companies to introduce small self-flying vehicles capable of vertical takeoff and landing. The test flight was within months of Airbus showcasing a prototype of an autonomous passenger vehicle in partnership with Volkswagen's premium brand, Audi, that has the ability to both fly and drive. Porsche has been aiming to build flying cars that can be used as taxis and for ride-sharing purposes.
Since Porsche launched the Taycan, Tesla has been trying to prove its supremacy in terms of various features. It recently revealed its upcoming Plaid Mode.
Yahoo Finance’s Melody Hahm joins On The Move with a look at how Porsche's design team played a part in Star Wars: The Rise of Skywalker.