|Bid||52.20 x 14100|
|Ask||52.22 x 12000|
|Day's Range||51.90 - 52.98|
|52 Week Range||28.28 - 70.66|
|Beta (5Y Monthly)||1.78|
|PE Ratio (TTM)||4.82|
|Earnings Date||Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 20, 2020|
|1y Target Est||N/A|
Bank of America downgraded Volkswagen and Porsche to neutral from buy while it upgraded Daimler to buy from neutral. It kept its rating on BMW at neutral. "First, we think premium car makers will perform better than mass market peers [in second-quarter results] driven by their more international exposure, particularly to China. Second, we think that June could be a weak month for Europe with Germany likely to underperform the rest of the region due to delayed demand as consumers wait to benefit from VAT cuts," the broker said.
Starting with the 2019 model year, the Cayenne is all new, now in its third generation. The car looks leaner, the engine’s more powerful, and is more efficient. Porsche dropped off the latest Cayenne S for Yahoo Finance to test.
Porsche has been placing more resources into developing digital services as it tries to match the tech demands of its customers. The latest effort from its Porsche Digital subsidiary is an app that lets U.S. buyers who have ordered a 911 sports car track its progress from production to the dealership. The app, which is integrated with the My Porsche web portal, provides customers updates on 14 events, including production in Germany, the vehicle's departure and trek across the Atlantic, port entry into the U.S. and its arrival at the dealership.
Porsche recently spent millions of dollars downsizing its range of engines, yet new regulations scheduled to come into effect across Europe in 2026 will force it to upsize once again. Carmakers allocated a considerable amount of time, money, and energy into pursuing the exact opposite (making big power from a small engine) in the 2010s, hence why the base 911 gets a turbocharged, 3.0-liter flat-six.
There is always going to be a better Porsche 911. It has the lowest power output, and it's saddled with all-wheel drive, adding unnecessary weight (106 pounds more than a rear-drive Carrera) to a car that isn't some lurid, uncontrollable mess when power goes only to the rear. Basically, it’s the 911 you'd want on a snowy winter day, geared up with winter tires and heated seats.
The slow, steady drumbeat of the 992-generation of Porsche 911 continues. Most recently, Porsche unveiled the Turbo S. Now we’ve got a new roof format (or body style, if you prefer) for the latest generation of the iconic German sports car, as Porsche has now officially unveiled the 2021 911 Targa.
A unique opportunity for Porsche buyers is the available option of picking up the new car at the factory in Stuttgart-Zuffenhausen, Germany. For an extra price, the buyer gets a VIP lunch, a visit to the Porsche museum, a tour of the manufacturing facility, and most importantly, hand-delivery of a newly purchased Porsche fresh off the line. The tradition of the Porsche factory delivery turns 70 this month, and Porsche unearthed some photos of the first factory deliver, as well as several others from the company's history.
Had it been built, the Porsche 984 would be at the top of its game in 2020. Porsche's most affordable car, the 924, was beginning to show its age in the early 1980s. Executives approved the development of a new entry-level model called 984 that would have picked up where the mid-engined 914 left off.
Today, Porsche of North America launched its own used-car search platform under the to-the-point name "Porsche Finder." The new website collects inventory of pre-owned and certified pre-owned Porsches from all 192 U.S. Porsche dealerships and organizes them into one easy-to-filter location. Porsche says the launch is a "fast-tracking of its e-commerce strategy to meet growing customer demand for digital access to the brand."
The march of 992 Porsche 911 variants will rage on through the coronavirus pandemic, as Porsche plans to hold a virtual reveal for the Targa next Monday, May 18. It also planned on showing the car at the Porsche Tennis Grand Prix in Stuttgart, but that event was canned too. Porsche only offered the Targa in 4, 4S and GTS variants for the 991.2, and it would be logical to see the same thing happen with the new 992 Targa.
The infotainment system on a Porsche, especially a 911, is one of the last concerns we have. To that end, Porsche plants a 10.9-inch widescreen touch display in the dash. It’s integrated nicely, as Porsche hasn’t fallen victim to the tablet on the dash syndrome that so many others have adopted.
Porsche’s air-cooled flat-six engines are the stuff of legend, and now you can be reminded of their ingenuity each time you reach for your morning cuppa. A South African company called Super Veloce (super fast) that designs and makes automotive-themed espresso machines has unveiled its newest model: the Espresso Veloce RS Black Edition. It’s inspired by the air-cooled flat-six Porsche 911 engine that featured in the 993 generation of the car, and it’s billed as a blacked-out and “more aggressive” version of the company’s Flat Six coffee maker (because who wants timid coffee?).
When it comes to the world of small sport utility vehicles, nobody does sport better than Porsche. The Macan is the second crossover to come out of the Stuttgart-based sports car maker, and although it's considerably smaller and cheaper than the Cayenne, it still packs the Porsche punch we expect. Just like every other Porsche, the Macan can be customized to no end.
The 2020 Porsche Macan Turbo is the hottest and fastest Macan in the lineup, packing a 2.9-liter twin-turbo V6 good for 434 horsepower and 405 pound-feet of torque. With the Sport Chrono Package (as ours is equipped), it launches from 0-60 mph in just 4.1 seconds and runs out of steam at 167 mph. Porsche’s launch control mode immolates any amount of turbo lag we experience when just flattening our foot to the floor off idle.
Alois Ruf, Jr. knows the exact moment he and his father Alois Ruf, Sr. realized just how fanatic Porsche people are about their cars. While sitting at a stoplight in their Porsche 356 Karmann hardtop one Sunday afternoon, a stranger knocked on the window and begged for a chance to buy that exact car. After handing the cash over, the trusting stranger then loaned the Rufs a different Porsche to use to grab the necessary paperwork.
Porsche North America President and CEO Klaus Zellmer joins Yahoo Finance Live to discuss the company's work with United Way for COVID-19 relief, the shift in
This is by-design, as Porsche has a history of non-nonsense sports cars with which to tie even daily driver-type vehicles like the 2020 Porsche Macan. Just as we’d expect from Porsche, the interior ergonomics and driving position are second to none.
Following the reveal of the 2021 Porsche 911 Turbo S, Porsche has announced that this year's 911 Carrera models will get a variety of new options, including several from that uber 911. If you're more performance minded, there's a lightweight glass package. Note that the glass options are only available on 911 Carrera coupes.
A year later, Porsche began selling an optional rally kit for the 911 that included Recaro seats, a roll bar, and adjustable Koni dampers. Porsche produced factory rally racers until the early 1970s, winning Monte Carlo three times in a row before letting privateers carry the torch so the factory could focus on campaigning in the East Africa Safari. After years of painful lessons, when Porsche took its brand-new 1978 911 SC to the safari, the 3.0-liter flat-six coupe was hours away from winning the race before damaging the suspension, demoting the car to second place.
Own a classic Porsche? The German automaker today unveiled a line of head units designed to replicate the vintage look while still featuring modern connectivity such as Bluetooth, DAB+, and Apple CarPlay. In the ‘90s, Porsche moved to a larger, 2-DIN design, and for these models, the available head unit features a much-larger touchscreen along with buttons and dials.
Earlier this month, Porsche Cars North America donated a 911 Speedster for an RM Sotheby's auction, all proceeds to be donated to the United Way's Community Response and Recovery Fund. Not only was the Speedster one of only 1,948 models produced for global consumption, this particular car was the last-ever 991-series Porsche 911 to go down the serial production line at Porsche's Zuffenhausen factory. Fitted with options like the $24,510 Heritage Design Package, a fire extinguisher, Porsche Dynamic Light System, front axle lift kit, extended-range fuel tank, and climate control, MSRP stood at $311,940.
I must admit that I was a bit nervous when I began my EV test loop in the 2020 Porsche Taycan 4S, the ink barely dry on its EPA range rating of 203 miles. The Taycan Turbo, which had been rated at 201 miles, not only completed my 209.2 mile course, but did so with 78 miles left over.
Porsche is producing three variants of its all-electric Taycan sports sedan with base prices that range from a skosh over $105,000 to $185,000. Now, it seems the automaker is preparing to introduce a cheaper rear-wheel-drive version, according to an interview in Car Magazine with Porsche R&D chief Michael Steiner. This newer version, which will join the Taycan Turbo S, Taycan Turbo and 4S, will have a smaller battery and be sold in markets like China that don't need all-wheel drive, Steiner said.
It’s been awhile since we last spied a 992 generation Porsche 911 GT3, but here’s one for your Friday afternoon viewing. As expected, the GT3 is sporting a big wing, center-lock wheels and huge brakes. The exhaust design is similar to the previous-gen GT3, but the diffuser is new — even the GT3 RS isn’t equipped with a diffuser.
Porsche's first mass-produced electric car, the Taycan, is a direct shot at the Tesla Model S. Tesla, which has never been shy about its growth ambitions, sold about 367,500 cars in 2019, and most were the Model 3. Porsche, on the other hand, ended the year with 280,800 sales after posting a 10% increase.