|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.96 - 7.04|
|52 Week Range||5.96 - 7.77|
|Beta (5Y Monthly)||1.60|
|PE Ratio (TTM)||5.44|
|Forward Dividend & Yield||0.25 (3.58%)|
|Ex-Dividend Date||Jun 27, 2019|
|1y Target Est||N/A|
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.
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.
(Bloomberg) -- On an airstrip in the shadows of the Kitzsteinhorn glacier in the Austrian Alps, Ferdinand Porsche watches as some of the world’s fastest cars whiz by on ice at almost 90 miles an hour, spraying spectators with snow during sharp turns.For the second year running, the 26-year-old son of the Porsche supervisory board chairman and a scion of Austria’s wealthiest family has overseen the revival of a decades-old tradition of sports-car races on ice.Over the weekend, he and a friend, Vinzenz Greger, 30, brought together world-class drivers like Rene Rast and Daniel Abt for a race in near-zero temperatures before 16,000 car-crazy spectators with Queen and Jonas Brothers tunes blaring in the background. This year’s GP Ice Race, though, was not like those between 1937 and 1974, which took place on the frozen Lake Zell. With the lake now failing to freeze over, it was held on an airstrip iced over with a tractor and a water-tank.For Ferdinand, restoring the race in an era of climate worries is about rekindling a family passion for testing the boundaries of well-engineered machines against the elements while also trying to be responsible by keeping laps short and limited and driving cleaner cars. “I know it’s a bit crazy to start a car race when everybody is talking about the climate,” he said in an interview, standing in front of the airstrip in a bright blue overall and yellow mountain shoes, “But we’re actually trying to get motor-sport into the 21st century by having classic cars and totally new ones that are running on low or zero emissions.”For the first time, the race’s emissions are being balanced out with green actions that will reduce 144 tonnes of CO2. While the race had cars from the 1950s, 60s and 70s, it also featured an increasing number of electric vehicles from the Porsche and Volkswagen empire—from the Audi Formula E and the Volkswagen ID. R to the Taycan Turbo S.In the end, rally models of Skoda, Mitsubishi and Ford took first, second and third places in the race. The new, street version of the $185,000 electric Taycan was Porsche’s top finisher at 23rd in what was its first such competition. Greening is a relatively new phenomenon for car races, which burn large amounts of fossil fuels and have a notoriously bad environmental record. Formula One has pledged to become carbon neutral by 2030, while Indy race cars now run on 100% ethanol fuel, a corn-based, renewable energy.For sports-car aficionados in attendance at the Alpine ice race, the green wave and the fact that the event was being held on a track near the lake rather than on the lake itself did little to dampen spirits.“Car racing is pure emotion,” said Bastian Nusser, a 22-year-old engineer, eyeing a Volkswagen ID. R race car. “It’s incredibly cool that e-cars are now speeding up faster than combustion engines.”The race had a folksy air, far from the glamour and champagne-fueled parties at Monte Carlo or the ski race next door in Kitzbuehel.Visitors bought burgers—vegan or organic options at 9.90 euros ($10.95) were available—and local beers and mulled wine. Guests in a modest lounge were served beef broth and goulash with dumplings, and entertained by a four-man band in traditional costumes playing local folk songs. The race’s prize of honor was a cowbell from a Porsche mountain farm.While most cars were piloted by men and women in impeccable racing outfits, the Porsche family sported casual clothes, funny hats and colorful jackets and shoes. The race was held about 60 kilometers (37 miles) southwest of Salzburg, in Porsche country. It was there, in Zell am See, that Ferry Porsche bought the Schuettgut farm and estate in 1941 to help feed and shelter his family in war-plagued Austria.Since 2003, Ferdinand’s father, Wolfgang Porsche, 76, owns the property, spending much of his spare time there. The third of Wolfgang’s four children, Ferdinand thought of reviving the ice race after he spotted old tires with spikes at the farm’s stable-turned-garage, and his father told him of a time when Porsches raced on Lake Zell.“Car racing means sweat, team work, long hours, setbacks and achievement—that’s why we do it,” said Wolfgang Porsche, dressed in a dark-blue parka and a white Carrera cap, as he recounted tales of when he was a regular at the 24 Hours of Le Mans, picking up ideas from drivers and engineers. “We’ve learned so much from that for our regular models, it’s the very reason why my relatives got started.”The race was called off in 1974 because of an accident that killed a worker. That, more unstable weather conditions and additional safety requirements led to the end of the race. The lake needs seven days of below-zero temperatures for an ice layer of at least 20 centimeters, which rarely happens now.While holding the race again on the lake seems remote and electric cars mean the extreme growl of an engine and the smell of oil and gasoline are missing, the thrill of speeding down an ice track remains undiminished.“The one reason why I still race is that I’ve always wanted to make sure that I can impose my will on the car, rather than the other way round,” said Hans-Joachim Stuck, a two-time winner of the 24 Hours of Le Mans car race. “And racing on ice is the most difficult thing to do, because you never know what’s next: snow, ice or frozen mud. You need to be alert.” To contact the author of this story: Matthias Wabl in Vienna at email@example.comTo contact the editor responsible for this story: Vidya N Root at firstname.lastname@example.orgFor 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.
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.
When Porsche chose YouTube for the reveal of its Super Bowl commercial, the biggest news was the Stuttgart sports car maker returning to The Big Game after 24 years away. Depending on whether you're more interested in the annual commercial-palooza or the products therein, Porsche hid even bigger newness inside "The Heist:" A sneak peek of the 992-series 911 GT3. As far as we can tell, Motor1 was first to catch the trickery, a Porsche rep confirming the subterfuge to Motor Trend.
Porsche will return to the Super Bowl commercial frenzy after a hiatus lasting more than two decades, the company confirmed Friday. The spot will be called "The Heist," and Porsche teased us earlier Friday with the first 60 seconds of this 2:30 commercial depicting a playful caper being pulled off at the company's museum in Stuttgart. As the spot opens, we see what we assume to be a thief attempting to make off with a brand new Taycan Turbo S, prompting a security scramble that sends guards rushing to the various models on the museum floor, including the #21 Porsche 917, a gaggle of high-performance 911s (including a brand-new 992), a 918, and the iconic 218 Standard.
While downsizing is the order of the day in the automotive industry, Porsche is upsizing by bringing the naturally-aspirated flat-six engine to the 718 GTS range. The 718 Cayman GTS 4.0 and the 718 Boxster GTS 4.0 will replace the existing four-cylinder-powered models, which Autoblog can confirm will retire at the end of the 2019 model year. The mid-mounted six spins the rear wheels via a six-speed manual transmission.
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.
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.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Volkswagen Aktiengesellschaft and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
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.