Porsche

Porsche Korea, Honda Korea and three other auto companies will voluntarily recall over 23,000 vehicles to fix faulty components, the transport ministry said

German sports Luxury car maker Porsche on Friday said its delivery of cars in India increased 64 per cent in 2022 to 779 units against 474 units in 2021. The massive surge in sales was driven by a strong interest among the buyers for its SUVs and sports cars, with a 69 per cent growth in the sales of SUV models, Porsche India said in a statement. The premium carmaker said the sales include 78 units of its all-new electric Tycan (launched in December 2021) in the 12-month period. Manolito Vujicic, Brand Director, Porsche India, said the strong result shows the upward trajectory that started in 2021 was maintained through 2022. "It has been a strong year for Porsche India with a 69 per cent growth in the sales of our SUV models, highlighted by our top-selling model, the Cayenne, ending the year with 399 retail units," said Vujicic. During the previous year, he said, Porsche India set up three new dealerships in Bengaluru, Chennai and Kolkata besides introducing the approved programm

10 models of British automaker's made-to-order India models sold in pre-launch phase

Luxury car maker Porsche India on Wednesday reported about 37 per cent rise in its sales to 193 units for the third quarter of 2022. The company had retailed a total of 141 cars in the third quarter of 2021, according to Porsche India. Retail sales of 193 units during the third quarter helped Porsche India reach 571 deliveries so far in 2022, surpassing the previous best full-year total of 534 units delivered in 2013, it said in a statement. On a consolidated basis, it has delivered 71 per cent growth in its car sales in the first nine months -- January-September -- of the current year, it added. Porsche India, which is a part of the Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL), had retailed a total of 378 cars in the domestic market in the first half of this year. "By stimulating the market with Porsche Exclusive Manufaktur (programme) showcases through our dealerships, we have generated a buzz that will help carry the momentum into the fourth quarter and next year," said Manoli

Volkswagen is valued at 77.7 billion euros with Mercedes-Benz third among European carmakers with a 57.2 billion euro valuation

Volkswagen priced Porsche AG shares at the top end of the indicated range and raised 19.5 billion euros from the flotation to fund the group's electrification drive

Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal could reap as much as 9.5 billion euros ($9.08 billion) that it can use for its push into software, services and electric and autonomous vehicles in line with the shifting focus of the global auto industry. Volkswagen was finishing the process of lining up investors and determining the final share price, which requires a decision of its board of directors, before the listing Thursday. The deal enables Volkswagen to tap into investor interest in Porsche, whose fat profit margins of 15% to 20% on vehicles like the 911 sports car and Cayenne SUV are far above the single-digit profits common to mass-market automobiles. The proceeds will help pay for Volkswagen's massive investments in revamping factories and research and development, sa

Volkswagen, Europe's largest carmaker and Porsche's owner, said earlier this month it would price preferred shares at 76.50-82.50 euros, giving a valuation of up to 75 bn euros

Porsche isn't alone in scaling back valuation targets, with Intel Corp. lowering expectations for its Mobileye IPO

The offering could value Porsche at between 60 billion euros and €85 billion, equivalent to between $59.8 and $84.6 billion, according to analyst estimates

Volkswagen AG is planning the initial public offering at the end of September or beginning of October, subject to further developments in capital markets

Decision blindsided jet-lagged CEO under contract until 2025; software missteps were last straw after labour clashes

Volkswagen Group chairman and CEO Herbert Diess is stepping down from his position at the company and will be replaced by Porsche CEO Oliver Blume

The Porsche Approved programme is now available across India with a comprehensive warranty on pre-owned cars for a minimum of 12 months

The brand's SUV range comprising Cayenne and Macan continue their success in India and remain the most sold models in the range, the company said in a statement.

There has long been talk of Audi and Porsche forming partnerships with existing Formula One teams, their most likely method of entry into the highest class of international racing

Nearly 4,000 luxury cars like Porsches, Lamborghinis, Bentleys and VW -- along with several high-end electric vehicles -- have sunk aboard a cargo ship in the Atlantic that caught fire last month.

Volkswagen AG said it will continue to explore an initial public offering of the German manufacturer's Porsche sportscar brand as markets are roiled by Russia's invasion of Ukraine

German luxury sports carmaker Porsche on Friday launched its all-electric Taycan range in India with price starting at Rs 1.5 crore along with the latest version of its compact SUV Macan

His remarks came a day after Volkswagen unveiled a bid to buy Europcar jointly with Attestor and Pon Holdings via vehicle called Green Mobility Holding.