|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.1400 - 4.3600|
|52 Week Range||3.0200 - 7.7700|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||3.40|
|Forward Dividend & Yield||0.25 (6.61%)|
|Ex-Dividend Date||Jun 27, 2019|
|1y Target Est||N/A|
The Porsche Macan was given a nip and tuck update for the 2019 model year, but another more important update is likely on the way. Porsche originally used the last-gen Audi Q5 platform as a base for the Macan. Recent chatter out of Porsche about the Macan has been some cause for confusion, as well.
There’s been a lot of recent talk flying around about the possibility of a factory-built Porsche 911 hybrid. Something about sacrilege and the existence of the all-electric Porsche Taycan they just spent a lot of time and resources creating. Enter Vonnen, a Silicon Valley-based concern that began life as a side-project at Elephant Racing, a prominent developer of Porsche suspension upgrade parts.
The last time the Porsche Exclusive Manufaktur overhauled a 911 Turbo S, the result was a more powerful limited edition called the Exclusive Series, with carbon fiber racing stripes and carbon wheels. Stuttgart's couturier is at it again with the 2021 911 Turbo S, this time to show off what's possible with off-the-shelf Exclusive Manufaktur components, the same way it did recently with the Taycan's SportDesign Package Carbon. The makeover begins with a coat of Indian Red paint.
The nine-year odyssey to create the Icon Engineering 917K replica began with an eBay ad. Joining forces with another industry engineer named John Hartland, the two re-created the rest of the race car from scratch — a feat that included designing a new tube-frame chassis with 220 round tubes in five diameters just like the original.
Porsche continues to dig into 3D printing technology, and this time it’s all about seats. Porsche uses its 3D printing tech to partly construct the central section of the seat to attain these different levels of comfort. As of right now, Porsche still considers this seat a concept study.
(Bloomberg) -- Porsche AG is looking to expand a 6 billion-euro ($6.9 billion) efficiency drive to help shoulder record investment and make Volkswagen AG’s most profitable brand more resilient to market slumps.While parts of the original plan are still under discussion with unions, the maker of the iconic 911 sportscar needs to do more to remain competitive, Chief Financial Officer Lutz Meschke said in an interview.“We need a toolbox of measures we can activate as soon as conditions change,” Meschke said. “It’s important that we are always able to react, including in a crisis scenario, instead of resorting to rushed actions.”The coronavirus effects threatening European supply chains hit manufacturers at a critical time as the industry reels from slowing global demand, tariff threats and stricter emission regulations. The challenges only add to pressure to protect Porsche’s financial muscle as parent VW powers up a 33 billion-euro spending binge to electrify the group over the next five years.At Porsche, the cost of shifting toward electric models, retooling factories and developing digital services will approach 15 billion euros in coming years, Meschke said.Still, the brand is sticking with its long-held goal to generate profit margins of at least 15%, more than twice as much as most VW group sister brands generate. Meschke reiterated the margin can fall below this threshold temporarily if a major crisis hits.Porsche’s revenue rose 10% to a record 26.1 billion euros last year, but higher costs and negative exchange-rate effects cut the brand’s operating margin to 16.2% from 17.4% in the previous year, according to a statement published by VW on Tuesday. Porsche plans to publish detailed earnings on Friday.To pool resources more efficiently, VW Chief Executive Officer Herbert Diess has put Porsche at the center of the group’s luxury portfolio spanning Bentley, Bugatti and potentially Lamborghini, which is currently still part of Audi.Meschke, who stirred controversy two years ago by commenting on the potential of a possible initial public offering of Porsche, said such a move “must remain an option.” He didn’t offer an indication that anything concrete is in the works, but pointed out that investors favor specialized companies like Ferrari or Tesla Inc. over conglomerates. “The preference is reflected in the valuations,” Meschke said.In China, Porsche sees a gradual recovery from the coronavirus outbreak that hurt sales in its largest market. March should see a gradual recovery for the brand there, followed by a further stabilization in April, Meschke said. But recouping all the lost sales during the course of the year will be difficult.The Asian country is by far the largest market for electric cars, another key initiative for Porsche. The brand, which started selling the battery-electric Taycan at the end of last year, expects to meet stricter emission rules in all its key markets and will add more electric cars as customer demand is robust.“From today’s perspective there is no way around electric mobility in the next 10 years,” he said. More than half of Porsche’s global deliveries are forecast to be fully or partly electric in 2025.Europe has set a fleet average of 95 grams of carbon dioxide per kilometer driven, less than half the 254 grams spewed by the latest 911 Turbo S. But with 5% of a manufacturer’s fleet excluded from the calculated average this year, and strong consumer appetite for Porsche hybrids, sales of at least 20,000 Taycan sedans in 2020 should help the sportscar maker offset the combustion-era guzzlers.The Taycan’s basic floor structure –- the so-called J1 platform -- will spawn additional models, and Porsche is considering a separate underpinning for an electric version of the 718 Boxster roadster, Meschke said. A final decision hasn’t been made yet.Porsche’s joint effort with sister brand Audi on electric-car technology for models including the Macan SUV helps save 30% in development cost, he said. Deeper collaboration within the VW group and teaming up with technology firms in key markets will also keep Porsche competitive in a fundamentally-changing competitive landscape where software plays a key role, he said.Story Link: Porsche Eyes Deeper Overhaul Amid Costly Shift to EV Models(Updates with Porsche results in seventh paragraph.)To contact the reporter on this story: Christoph Rauwald in Frankfurt at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Andrew NoëlFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
German tuner Gemballa released sketches of a Porsche 911 put on seriously tall stilts that it plans to bring to production. Called Avalanche 4x4, and presumably named after the snow cascade rather than the versatile Chevrolet truck, the model will land in a class of one when it makes its full debut before the end of 2020.
Porsche hasn't decided yet if there will be battery-electric versions of the 718 Cayman and Boxster. According to a report in September last year, the German sports car maker had intended to make a decision by this September. An update on the situation in Car magazine points to Porsche taking another year for a verdict, development not proceeding as hoped.
Some of the companies responsible for the proliferation of electric hypercars cite the hybrid 918 Spyder as a benchmark, but Porsche isn't tempted to fire back. The real challenge would be to make an electric sports car that's small, nimble, and relatively light, like some current and past Porshes. The issue is that battery technology isn't quite advanced enough to power, say, a Mazda MX-5 Miata yet.
The emblematic Porsche 911 hasn't adopted electrification yet in spite of the endless rumors claiming it would. The current-generation model (pictured) was developed with zero-emissions powertrains in mind, and prototypes are being tested around the world, but analyzing conflicting reports from both sides of the Atlantic leads us to conclude that hybrid and electric versions of the 911 still aren't in Porsche's short-term product plan. The company told Auto Express its engineers are testing gasoline-electric prototypes in real-world conditions.
With the 2021 Porsche 911 Turbo S, Porsche copied the launch template it laid out for the Carrera, debuting the hotter S model first. The head of the carmaker's 911 product line, Dr. Frank-Steffen Walliser, explained the launch cadence to Auto Express with, "70 to 75 percent buy the Turbo S, depending on country and where the car is in its lifespan." What we didn't expect was news of a faster 911 Turbo.
Porsche is recalling previous-generation Macan crossovers due to the potential risk of a fuel leak and the subsequent fire risk the leak could create. The recall includes 70,117 Macans, but Porsche believes only one percent of the vehicles have defective parts that will require action. National Highway Traffic Safety Administration (NHTSA) campaign No. 20V077000 states that a fuel leak could occur on Porsche Macan, Macan S, Macan GTS and Macan Turbo models between model years 2015 to 2018.
The LED headlamps on the Porsche Carrera 4S barely pierce the icy path, a steeply pitched logging road. Pointing the nose to the outside of the turn, I cram hard on the brake, wrench the steering wheel left and feel the rear wheels break away. Get back on the gas and straighten your hands on the wheel, I urge myself, as the Porsche slides through the darkness.
Gates discussed his new ride last week with YouTube influencer Marques Brownlee. “Certainly Tesla, if you had to name one company that’s helped drive that, it’s them,” Gates said, before telling Brownlee that he bought a “very, very cool” Taycan, which comes with a price tag deep in six-figure territory.
If you own the latest generation of the Porsche 911 but don’t want to wait for (or can’t afford) a GT3 or Turbo variants to pimp your Carrera, Porsche Exclusive Manufaktur may have a solution for you. The division has announced the availability of new SportDesign appearance and Aerokit performance packages. Both are based on the SportDesign package, which adds a lip spoiler to a revised front apron, plus a new bumper section that moves the license plate higher to accommodate a new air vent located between the oval-shaped exhaust pipes.
The next-generation Porsche Macan due out in 2021 will exclusively be available with an electric powertrain. Company insiders told Car & Driver the current-generation Macan (pictured) will be sold alongside its successor for at least three years, though whether Porsche will start counting when it unveils the model or when it starts delivering it to customers isn't clear. What happens once its lease on life expires depends on the electric model's market performance.
Porsche earned its enviable reputation by making cars powered by a flat-six engine, not by peddling hybrids, yet company founder Ferdinand Porsche dabbled in gasoline-electric technology well before he created the company that bears his name. The project began around the turn of the 20th century when Lohner, an Austrian firm that's part of Canada's Bombardier group in 2020, reached out to Porsche to begin jointly developing an electric car. Rather than throwing in the towel, the two partners created an innovative gasoline-electric hybrid powertrain built around a pair of generators driven by two individual, 3.5-horsepower single-cylinder engines purchased from France's De Dion-Bouton, a name that comes up often when researching the origins of the automobile.
The name Porsche has been synonymous with gas-powered high-performance sports cars and racing for nearly three quarters of a century. Now, the sports car manufacturer that is owned by Volkswagen Group is trying to build a new legacy, starting with its first all-electric vehicle, the Porsche Taycan. Porsche has said that the Taycan, which was first unveiled in September, is just the beginning.
Porsche's Super Bowl ad, titled "The Heist," was one of our favorites from the big game. The spot is set at the Porsche Museum in Stuttgart, and features a car chase starring the new Taycan Turbo S as well as a bevy of stars from the brand's storied history. In an attempt to build on the buzz surrounding the TV commercial, Porsche has announced a sweepstakes that will send one lucky winner (and a guest) to Germany to live out that dream.
A nondescript white van rolls up beside my blue 2020 Porsche Taycan Turbo as I sit at a red light on the Pacific Coast Highway near Huntington Beach, Calif. The driver rolls down his window, gives a hearty thumbs up, and makes it clear via additional hand signals that he wants to see me stand on it. The first is a controlled drive around a standardized test course I’ve used before. The second is a more freeform road trip to see friends in the isolated desert town of Borrego Springs, Calif.
The specialty shop's factory space in Zuffenhausen was expanded by about 33%, and the entire operation was optimized to create more efficient workflow. The roughly 21,528-sq-ft space now has four new lifting platform stations, more storage space, and a direct line to the finished vehicle loading station. Porsche has at least 90 customization options available on the battery-electric four-door sports car.
Porsche currently has seven different experience centers around the globe that allow fans, owners, and curious minds to see, explore, and feel the world of the famous German automaker. Porsche announced it will build a new experience center in north-central Italy at the Autodromo di Franciacorta racetrack. The Porsche Experience Center (PEC) Franciacorta, which is located in between Milan and Venice, is scheduled to open in early 2021.